The details of the intensity between rates and sectors involved
The agreement provides for the introduction of a 15% duty on European exports to the United States. In the official EU press release, levels and percentages agreed in the days before Brussels are confirmed. However, they remain unresolved knots, as the Commission’s note explains: “We do not change our rules and our right to regulate independently in the digital space… “. The White House has instead included larger commitments on digital and on the reduction of commercial barriers. The duties towards chips and drugs would not be taxed, at least according to the European position, while the American text introduces some additional requests.
Digital tax and regulation: differences between Brussels and Washington
One point of particular friction remains the digital tax. In the document of the Commission EuropeanBrussels does not make any specific commitment on the digital tax and reaffirms its regulatory autonomy on the subject. On the contrary, Washington claims that the question must be addressed together and asks Europe to suspend or limit unilateral interventions on the giants of technology. There is therefore an area of great uncertainty, given the economic value linked to the new digital economies and active tech groups both in America and in Europe.
Sectors involved and impacts for Italian companies
The repercussions of the new agreement involve different sectors, in particular the wine Italianvery exported to the United States. The trade associations estimated that, with the new 15%dice, the damage expected for companies in the sector could exceed 317 million euros in the next twelve months. Failure to earn estimated for US partners exceeds 1.7 billion dollars. In addition to wine, other sectors touched are food, textiles, energy, drugs and electronic components. The relapses could be heard on the entire supply chain, by Italian farmers to distributors and supermarket shelves.
Points still to be clarified in the negotiation
Italy’s position on negotiations and voices from the production world
Among Italian priorities are the protection of agri -food exporters, the maintenance of industrial competitiveness and access to American markets for innovative sectors such as energy and microchips. Emanuele Orsinipresident of Confindustria, has reported the urgency to move rapidly on business support policies and the cost of energy, considering that the risk of new commercial barriers translates into costs for the country’s industrial fabric. The theme also remains for producers, who continue to ask for clarity and certain rules before the next commercial season between Italy, Europe and the USA.
“Non -binding” agreement: new meetings in sight
The agreement reached between the United States and Europe remains, for now, politics and non -legal. Both official texts specify that the agreement signed on Sunday is not “legally binding”. There are many details still to be discussed in the next meetingsand European companies, in particular Italian ones, wait to understand what the actual rules that will go on the trade between the two blocks in the months to come. In the meantime, in the widespread documents, each country remains cautious about the possibility of modifying its policies on digital and sectoral regulations.
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