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Italian Prime Minister Giorgia Meloni has criticised US President Donald Trump’s decision to impose a 20% tariff on European Union imports, calling it “wrong” and warning that it would not benefit either the US or the EU. “We will do everything we can to work towards an agreement with the United States, with the goal of avoiding a trade war that would inevitably weaken the West in favour of other global players,” Sky News quoted her as saying.
US President Donald Trump on Wednesday announced sweeping tariffs on major trading partners including India , calling April 2 “Liberation Day” and declaring it “one of the most important days in American history”. Speaking on the White House’s Rose garden, he said the US had been “looted, pillaged, and raped” by its trade partners for decades, as he vowed to impose “reciprocal tariffs” matching foreign duties on US goods.
Trump displayed a chart detailing the percentage the US will tariff each country, based on what they charged the US with. “We will charge them approximately half of what they are and have been charging us, so the tariffs will be not a full reciprocal,” Trump said.
US Treasury Secretary Scott Bessent warned against retaliation from affected countries, cautioning that escalation would only worsen the situation. “If you retaliate, there will be escalation. Sit back, take it in,” he told Fox News.
With some countries considering countermeasures and others urging negotiation, the coming weeks could determine whether the world faces a full-scale trade war or a new round of diplomatic talks.
(With inputs from BBC, Sky News, Fox News)
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