00:00Made in Italy is not just a brand, but recognition of the country's unique quality and style,
00:06a craftsmanship of global value that could fall victim to a transatlantic trade war.
00:13Let's remember that we have the strength, capacity, intelligence and creativity to overcome every obstacle.
00:19We have overcome worse obstacles and we will overcome others.
00:21The US is Italy's second largest export market, worth 76.3 billion US dollars.
00:30But Italy, with the rest of Europe, is now facing possible US import tariffs of up to 35%.
00:36In a bid to facilitate negotiations, last week the EU paused its countermeasures
00:41and Georgia Maloney announced her trip to the White House on the bloc's behalf.
00:46The government and the Prime Minister are working to confront the theme of tariffs.
00:53However, the key point remains keeping the two sides of the West united
00:57and through Prime Minister Giorgio Maloney, bringing the voice of Italy and Europe to the United States.
01:06The larger winery Casa Divina Providenza dates back 200 years
01:11and the US is the company's biggest international market.
01:14However, with the immediate future unknown, orders have been brought to a halt.
01:22It's this uncertain situation that worries us.
01:25Wine is one of the key areas of Italian exports, not just to the US, but around the world.
01:31So it's a product that must be protected, like all of Made in Italy products.
01:36The EU is encouraging a zero-for-zero tariff agreement, but an increase in military spending
01:50and more flexibility on the Green Deal could be more effective bargaining chips.
01:55Even with zero tariffs, probably, or very likely, that would not be pursued,
02:02just because European goods at the moment are more competitive than American ones.
02:11The Italian products most at risk include dock, food and wine, machinery and pharmaceuticals.
02:17Prime Minister Giorgio Maloney says it's difficult to predict the full impact of possible US tariffs on Italy's exports,
02:25but that she's already working on a plan to neutralise any negative effects,
02:29with one option redirecting EU COVID recovery funds.
02:33Other topics on the agenda are expected to be the Middle East and Ukraine.
02:37Prime Minister Maloney will then continue her delicate balancing act
02:41when she welcomes US Vice President J.D. Vance to Rome on Friday.
02:46Hermione Kitson, CGTN, Rome.
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