According to the United States, a total of 1.4% of Italy's gross domestic product (GDP) will almost fully compensate the country's projected economic growth, this year 0.8%, Italian IL Sole 24 Ore Business newspaper reports.
According to the newspaper, the customs duties defined by the United States may cause damage to about 30 billion euros between 2025-2026. If customs duties are 20%, economic damage is estimated at about 20 billion euros.
EY Governing Partner Marco Daviddi said that the most vulnerable areas will be the spheres that "depend on the United States, such as pharmacy, agricultural food and some engineering industries."
Analysts believe that tariffs will be less than 20%.
