Export of our Made in Italy is confirmed as driving force of our economy. Representing about one third of the country’s GDP, every 1% of export growth translates into 0.3% growth in Italy’s overall GDP. In line with our strategy “Protection of Key Countries and Promotion of Emerging Countries”, a major push came from non-EU countries, where we have concentrated our institutional trips. Great performance of our export in the United States, from where we have just returned.
The article written by Danilo Taino on Corriere della Sera repeats the same topics I’ve already treated in the past: the European Union is beginning to wake up from the torpor and it’s starting to understand that China has a model of economic development with which the EU cannot compete.
27 out of 28 EU ambassadors criticize the “New Silk Road” initiative (yi dai yi lu 一带 一路) because they believe it is a project aimed at opening new markets for China to reduce its overproduction.
Let’s continue the analysis of the duties that Trump has imposed on steel imported from China and how China intends to respond, using numbers to assess the actual impact, beyond the rhetoric and diplomacy.
Italian newspaper “Il Foglio” has discussed a politicized version of the debate between “More Europe or Less Europe? More free market or more protectionism?” quoting Salvini and Di Maio, the leaders of League and Five Star Movement. Here is my opinion.