The imposition of tariffs by President Trump poses a significant threat to Italian exports, particularly in the wine, spirits, and furniture sectors. As the U.S. is the largest non-EU market for Italian products, the economic implications could be severe, with estimates suggesting a potential loss of up to half of Italy's market share. Representatives from Federvini, which advocates for wine and spirits exporters, emphasize the importance of maintaining trade relations to prevent a detrimental trade war that could impact not only Italian companies but also U.S. imports.
The U.S. is the main country where we export our products, specifically wines and spirits, so we might end up losing around half of it.
The impact on Made in Italy products would be significant. Tariffs would reduce the ability of Italian companies to do business in the U.S.
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