Orsini, US tariffs at 30%? With a strong euro worth 13% we reach 43%.
According to estimates by Confindustria President Emanuele Orsini, tariffs at 30 per cent would have an economic impact of EUR 37.5 billion; if they were at 20 per cent, the impact would be EUR 27.6 billion, at 15 per cent EUR 22.6 billion, and finally at 10 per cent EUR 17.6 billion.
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Tariffs at 30% would have an economic impact of 37.5 billion; if they were at 20% the impact would be 27.6 billion, at 15% 22.6 billion, and finally at 10% 17.6 billion. These are the estimates given by Confindustria president Emanuele Orsini at the NucleareFuturo conference at the Chamber of Deputies. The EU 'must act fast, we cannot think of being competitive if other economies run differently. Europe must get a move on, wake up, there is no more time today'.
"We cannot speak only of tariffs but of the cost of the euro and tariffs. In the face of possible US tariffs at 30% that would be worth 37.5 billion euro for Italy, we must add the weight of the euro exchange rate against the dollar, the cost of which is 13%, we would thus arrive at 43%. For us, the exchange rate is already a tariffs,' reiterated the president of Confindustria.
Orsini: let the US understand that the exchange rate is already a tariffs
Orsini explained that, after Trump's letter, he would have expected the EU to at least call the Mercosur vote, which can bring 5-6 billion. "New outlets have to be opened and the country has to run faster," with investment in research and development, but that is also related to the US, Orsini said. "Let's make the US understand that the exchange rate is already a tariffs", as the euro-dollar devaluation "is the most important in the world", at 13%, while the average is 2, he added.
Operation to bring our best companies to the US
."There are some sectors that will have no problem selling in the United States and there are some sectors that will have great difficulty, however, there will be sectors that will be affected, but above all this operation is to relocate our best companies to the United States," Orsini further explained. 'Remember,' added the president of Confindustria, 'that for every 300 companies that go to the United States, they take 100 supply chain companies with them, which takes 102 thousand people with them. So Europe, in this case, must take strong action and protect its industry. It is time to show that Europe has changed pace, but we cannot wait that long'.
Confindustria, new nuclear power can be worth 2.5% GDP
Meanwhile, a study by Confindustria and Enea has estimated that the return of nuclear energy is a key lever for achieving decarbonisation targets, stabilising energy costs and accompanying industrial growth. In fact, it could generate an impact equal to 2.5% of Italy's GDP, creating up to 120,000 new jobs and strengthening the country's energy independence. "We must not give up on this road," urged the Confindustria president. For Orsini, we must 'start from the country's needs'. Today, he said, our consumption is 300 terawatts now, in 2030 it will rise to 400, in 2050 to 600. 'We need to understand how to bridge this gap, renewables are all very well, but here too we have sounded the alarm: the 150 gigawatts let's put them on the ground quickly, we cannot be against renewables and nuclear power' at the same time, he clarified.
