Donald Trump's new tariffs are set to disrupt global trade significantly, with particular emphasis on their impact on businesses in Europe. For instance, Sardinian pecorino cheese producers, whose 70% export market is in the US, are anxious about potential price increases and adjustments due to these tariffs. With Italian exports being largely focused on food and beverages, the implications of these tariffs could destabilize the region's economy. Stakeholders stress the need for a strategic response at both Italian and European levels to mitigate this challenge strategically without exacerbating existing issues in agriculture and trade.
Up to 70% of our product is exported to the US. We need to understand it better and wait and see if they really mean 20%. This has created some imbalance.
Pecorino has been made in Sardinia for centuries, contributing to the myriad Italian food delicacies in high demand around the world.
This is a very delicate moment and needs to be managed well. All farmers have the same issues.
Trump's idiotic' and flawed tariff calculations stun economists as they threaten significant price increases on imported European goods.
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