With Retaliations on Tariffs Everyone Loses Says Meloni

Rome: Everyone loses with retaliations on tariffs that escalate into trade wars, Premier Giorgia Meloni told the Senate in a briefing ahead of this week’s European Council Tuesday. “I am convinced that we must continue to work with concreteness and pragmatism, to find a possible common ground and avoid a trade war that would benefit no one, neither the United States nor Europe. I believe it is not wise to fall into the temptation of retaliations, which become a vicious circle in which everyone loses.”

According to Ansa News Agency, Premier Meloni emphasized the importance of collaboration and negotiation to prevent the negative consequences of trade conflicts. Her statements come at a critical time as tensions over tariffs have been rising, with potential implications for global economic stability. The Premier’s remarks highlight a call for diplomacy and mutual understanding to avert a scenario where economic interests on both sides of the Atlantic could suffer significant setbacks.