The new course of US trade policy threatens to impose duties on nations with which the US has a trade deficit , including European countries. Italy is the second nation after Germany in terms of trade deficit size . The sectors that generate a significant share of their turnover in the US include pharmaceuticals (18.7%), shipbuilding (17.1%), and automotive (11.5%) to which are added other sectors of the automotive supply chain such as components and transmission parts .
The impact on businesses of 25% duties on mom database European products is not easily quantifiable , also because they are added to the duties towards Mexico , home to some European factories, particularly in the automotive sector. In fact, exports of auto components are also directed towards Mexico.
The Cerved study takes into consideration exports from Italy and foresees a possible loss of turnover for the total of Italian companies of almost 5 billion euros . The sectors with the greatest impact would be pharmaceuticals (with a potential loss of 750 million euros), shipbuilding (280 million), automotive (205 million), followed by packaging machines (140 million) and wine (130 million).