Italy’s food industry unshaken by Trump tariff fears

Italy’s food industry unshaken by Trump tariff fears

Business

Italy should be reassured by the strength of its quality food and drinks amid concern about the impact of US President Donald Trump's tariffs, Agriculture Minister Francesco Lollobrigida said, CE Report quotes ANSA.

"The apprehension of the markets of these hours with respect to possible new tariffs should not cause us to forget the results achieved in recent years with records in the PDO (Protected designation of origin) economy, in wine exports, in the promotion of oil and cheese in Europe and around the world, in the affirmation of Italian pizza as a form of food excellence, in having explained the difference between ice cream and Italian gelato, in the added value in agriculture," Lollobrigida said at the award ceremony for the Master of the Art of Italian Cuisine Prize at the premier's office in Rome.

"Italy is a superpower in this sector and it will be able to meet any challenge because it has excellent companies, which all the government has to do is support and not be an obstacle to".

Tags

Related articles

Bulgaria Faces Water Crisis Amid Drought Concerns
A parliamentary hearing was held Thursday to address Bulgaria's looming water crisis, driven by low rainfall and unfavorable drought forecasts for 2025.
BGN 1.9 Billion Deficit Expected by March 2025
The Finance Ministry forecasts a budget deficit of BGN 1.9 billion (0.9% of GDP) by the end of March 2025, based on preliminary data.
OpenAI Secures $40 Billion in New Funding
OpenAI has raised $40 billion in new funding, bringing its post-money valuation to $300 billion.
US Trade Measures May Impact Romania’s Economy
Price hikes and potential punitive measures from the US may affect Romania, particularly industries tied to the American market, according to Alex Milcev, leader of EY Romania’s Tax and Legal Department.
Moldova's EFTA Trade Deal Now Active
Moldovan entrepreneurs can now export goods duty-free or at reduced rates to all EFTA member states (Norway, Iceland, Switzerland, and Liechtenstein).
PPC CEO Calls for US-Greece Data Center Partnership
Public Power Corporation (PPC) President and CEO Giorgos Stassis encouraged US investors to partner with Greece in developing data centers, during an event hosted by the German Marshall Fund (GMF) and the Center for Strategic and International Studies (CSIS) in Athens on Monday.
World’s Most Valuable Company Revealed
Apple maintained its position as the world's most valuable company on Monday, with a market capitalization reaching $3.3 trillion, 49 years after its founding.