00:00The United States is the largest non-EU market for Italian exports.
00:07According to Italian Prime Minister Giorgio Meloni, during the first two years since taking office,
00:12they have grown by over 15 billion euros.
00:15But what could happen if made-in-Italy products were targeted by Trump's tariffs?
00:19We put the question to Marco Simoni, who previously worked as an economic advisor to two Italian Prime Ministers.
00:25The impact on made-in-Italy would be very significant.
00:28Every year, in the United States, we export in the order of 70 billion.
00:33That's a lot of money, a lot of different types of products.
00:36So, of course, the tariffs would penalize it.
00:39It would sell less in America.
00:41And probably we would also buy less American things,
00:44because there would be tariffs, on the contrary, also on American products.
00:48Together with the furniture industry and food,
00:50wine experts would be among the main sectors affected by Trump's tariffs
00:54as the U.S. remains the largest importer of Italian wines.
00:58We are inside the Pallini factory,
01:00the world's leading producer of traditional Italian limoncello,
01:04a liqueur made from lemon infusion.
01:07Out of the 3 million liters produced here every year,
01:10around 25% is shipped to the United States.
01:15Federvini, representing over 2,000 companies, mainly wine and spirits exporters,
01:20has called for a de-escalation of tensions to avoid a full-scale trade war.
01:24Michaela Pallini is both the president of the Pallini family-run business
01:28founded 150 years ago in Rome and the president of Federvini.
01:32The United States is our main export sector for Italian wines and spirits.
01:40We are talking about 30% of the 2 billion exports,
01:47so the account is almost done.
01:50We could lose almost half of this large volume.
01:56This is a concrete risk.
01:59Despite her close ties with Trump,
02:01it would be difficult for Giorgia Belloni to be offered any shortcuts.
02:05It's good that Italy has this privileged relationship,
02:08but it won't be able to have an influence on any DAX.
02:12The DAX will be put in the hands of the European Union,
02:16not individual countries.
02:18We are members of the European Union
02:20and we negotiate any trade position as a European Union,
02:23not as a single state.
02:24Giorgia Orlandi for Euronews, in Rome.
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