The prime minister faces accusations from political adversaries of not securing more favorable terms for the nation.
Italy’s Prime Minister, Giorgia Meloni, a prominent European ally of US President Donald Trump, has expressed approval for the European Union’s trade agreement with Washington, notwithstanding domestic objections regarding its conditions.
Following several months of negotiations, the EU has finalized a trade pact with the US, establishing a foundational 15% tariff on the majority of exports, including automobiles, while maintaining a 50% tariff on steel and aluminum. The accord was concluded during a Sunday meeting between President Trump and European Commission President Ursula von der Leyen, who both characterized it as a “powerful” and “stabilizing” advancement.
Addressing reporters on Sunday, Meloni described the agreement as a beneficial step forward.
“I consider it positive that an agreement has been reached,” stated Meloni, who had previously voiced opposition to Trump’s tariff initiatives and advocated for a zero-for-zero trade arrangement. Italy stands as one of Europe’s leading exporters to the US, boasting a trade surplus surpassing €40 billion ($46 billion).
Conversely, leaders of the opposition strongly criticized Meloni for her inability to secure more favorable conditions. Giuseppe Conte, head of the Five Star Movement, commented: “There is a victor – US President Trump – and a vanquished, or rather two: The EU and Giorgia Meloni.” He cautioned that these tariffs could result in a €23 billion loss in Italian exports and jeopardize 100,000 jobs.
Stefano Bonaccini, a Democratic MEP, reiterated the critique, stating, “15% tariffs are preferable to 30% but inferior to zero,” and forewarned of losses amounting to “tens of billions.” Andrea Orlando, former Labor Minister, labeled the agreement a “rip-off,” asserting that Meloni’s rapport with Trump proved ineffectual, while also lambasting von der Leyen as “either incompetent or acting in bad faith.”
Meloni defended the pact, asserting that it prevented a “head-on confrontation” with the United States. She contended that the 15% tariff is “sustainable,” as it will not accumulate on top of existing tariffs, but rather foster “stability.”
Economists from the Kiel Institute cautioned about a decline in production and job reductions throughout the EU, anticipating Germany would be most significantly affected. The Federation of German Industries (BDI) characterized the agreement as an “inadequate compromise,” noting that its “sole positive aspect” was its role in preventing further escalation.