From wines al foodfrom bubbly wine athigh fashion. In addition to car already heavily affected by duties Americans, to worry the Italian industry is the heart of Made in Italyhis export towards the United States. The exports Overseas have reached beyond 67 billion according to theeconomic observatory on the foreign markets of the government, the imports have overcome the 25 billion. According to the latest projections of the CSC of Confindustriathe solid production ties between the two sides of theAtlantic on the chemistry and the pharmaceutical “They could be a deterrent to the tariff run” but beyond the 70% of the stocks of capital invested by pharmaceutical companies EU in countries non-EU it is directed in USA; The fee is the same for pharmaceutical multinationals German while those Italian touch the 90%.
Pharmaceutical products basic e Pharmaceutical preparationswith beyond 8 billion In the 2023appeared on the product podium in the’export towards the USA. But the States they also represent the third market for exports from the Italian fashionwith a commercial exchange From January to October 2024 well 4.5 billion for the fashion, 3.1 billion for i connected sectorssay the trade associations.
The block of the shipments of wine towards the United Statesdue to the fears related to dutiescould cost 6 million per day at Italian cellarssays the Coldirettiwith a immediate economic damage to which one risks adding one at the level structuralwith the loss of the positioning of the product on US shelves. There is the worry of the world of Made in Italy wineon the eve of Vinitalycompared to the uncertainties related to the announcement of the American president Donald Trump to impose Additional rates which could go up to 200% on European bottles. With the 96% ofagri -food exports towards the USA traveling up shipaccording to theColdiretti analysis on data Istat“The fear is that i loads can reach the destination when i duties they have already taken ». The threats Of Donald Trump to put a duty on European wines it would also risk damaging the exports Of tricolor bottleswhich in 2024 have reached the value of 1.94 billion euro in the United Statesaccording to anColdiretti analysis/chain Italy widespread when the president USA he had announced his intention to impose one additional rate on red, white And Champagne as a retaliation against the decision of theEU to hit the whiskey made in the USA.
It would be one extreme retouch i dutieswhich could compromise a path that in the last twenty years saw the sales in United States Almost tripled in value, with an increase in 162%according to data Istat developed byagricultural associationso as to represent about a fourth from the total exports Of Italian wine. Almost a third of total it is represented by sparkling wine. The USAexplains the confederationthey are also the First World Consumer of Wine with 33.3 million hectolitersaccording to data OIVand for theItaly represent in value the most important market.
New duties they would put a risk at risk florid market for our companiesunderlined the Italian Italian agricultorsestimating that i New duties threatened by Trump they would risk blowing up the11% of all theItalian agri -food export (69 billion), with a devastating economic impact on Excellence of Made in Italyprecisely. The riskhad highlighted the agricultural Confederationis well worse Compared to Dice of 2019which had effect only for a year and were imposed at 10%while now a possible is assumed 25%.
There Cia Remember that i increased customs duties they could concern cheeses, cured meats and some alcoholwhile now, to be threatened, they are also products as wine, extra virgin olive oil And pastaand the duration could affect the whole presidential mandate. All this would happen at a time when we can speak of a real Tricolor sales boom in USA forItalian agri -foodwith 7.8 billion euros and a +17% on the 2023who saw the United States bare, albeit slightly, the France from the Second step of the podium of the Destination countries of ours agri -food exports.