The Independent is committed to providing free access to quality journalism, highlighting crucial issues such as reproductive rights and the impact of political decisions on various sectors. A significant concern is the potential tariffs from the Trump administration on Italy's fashion industry, which is crucial to the nation's economy, contributing 5% of GDP and employing roughly 1.2 million workers. Current global sales have already contracted, heightening the anxiety around these tariffs, which could further jeopardize the financial health of this important sector.
The head of Italy's fashion chamber indicated that possible US tariffs on Italy's fashion industry could signify a hostile declaration against a vital sector that generates 75 billion euros.
Fashion accounts for 5% of Italy's GDP and employs 1.2 million people; any tariff impact could exacerbate the current global contraction affecting sales.
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