Italy Faces €20 Billion Export Loss and 118,000 Job Cuts Due to US Tariffs, Industry Chief Says
Italy stands at a critical crossroads. The nation could lose €20 billion ($23.6 billion) in exports and 118,000 jobs if the United States slaps 10% tariffs on European goods. Confindustria President Emanuele Orsini sounded the alarm on July 2, calling these tariffs unsustainable for Italy’s economy. This threat looms large because Italy thrives on exports,…