US tariffs, Marcegaglia: ‘Italy is reacting better than others, but we must not let up’

Rome, 5 September (LaPresse) – "The tariffs are obviously having a negative impact on our economy and our businesses, there is no doubt about that. Estimates suggest losses of between 6 and 8 billion per year. We are major exporters and the United States is a key market for Italian products in many sectors, such as agri-food, but also mechanics and pharmaceuticals." These are the words of Emma Marcegaglia, president and CEO of Marcegaglia Holding, on the sidelines of the Teha Forum currently underway in Cernobbio. β€˜It is therefore essential to consider other markets as well: in this context, the Mercosur agreement is positive, and we must continue in this direction. Our country is reacting better than others, but we cannot let up,’ concluded Marcegaglia.