The additional 10% tariffs imposed by the Trump administration on most products that the United States imports from the rest of the world went into effect at 0:01 on Saturday Washington time (6:01 in Italy) . A shock to global trade that is expected to intensify in the coming days . This universal minimum threshold of 10%, from which certain products are exempt, is in addition to the existing tariffs.
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Repercussions globally, not only in the United States, with the immediate collapse of the stock markets starting from Donald Trump's announcement. In Italy, the rating agency Fitch predicts "an economic slowdown due to the worsening of the external context, which reflects the rapid evolution of US duties. Italy is one of the EU countries most exposed to these changes". The agency, in any case, confirmed the BBB rating with a positive outlook .
And even in Sardinia the repercussions are being felt . Almost half of the island's agri-food products, 48%, end up in the United States: a figure that is based largely on Pecorino Romano . But the effects – heavy – of the US duties could also be felt on the wine sector .
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Since Trump's announcement on Wednesday, the United States has lowered its planned tariffs on two French overseas territories . The White House initially said it would impose a 37% tariff on imports from the Indian Ocean territory of Reunion and a 50% tariff on imports from the small North Atlantic archipelago of Saint-Pierre-et-Miquelon. It has now revised its tariffs downward to 10%, bringing the two territories in line with other French overseas possessions: Guadeloupe, Martinique, French Guiana and Mayotte.
(Online Union)