
Italy's Meloni says it's a 'positive' trade deal was reached but needs to see details
ROME (Reuters) -Italy's Prime Minister Giorgia Meloni said on Sunday it is "positive" a trade deal has been reached between the European Union and the United States, adding, however, that she needs to see the details.
Washington struck a framework trade deal with the EU imposing a 15% import tariff on most EU goods.
"I consider it positive that there is an agreement, but if I don't see the details I am not able to judge it in the best way," Meloni told journalists on the sidelines of a meeting in Addis Ababa.
Italy is one of the biggest European exporters to the U.S., with a trade surplus of more than 40 billion euros.
The Italian government, led by a nationalist coalition, had urged its European partners to avoid a direct clash between the two sides of the Atlantic.
In a statement, Meloni said that the agreement "ensures stability", adding that the 15% "is sustainable, especially if this percentage is not added to previous duties, as was originally planned."
"We are ready to activate support measures at the national level, but we ask that they also be activated at the European level for sectors that will be particularly affected by US tariff measures," she added.
The statement was also signed by the leaders of the other two coalition parties: Antonio Tajani of Forza Italia and Matteo Salvini of the League.
(Reporting by Sara Rossi and Giselda Vagnoni, editing by Diane Craft and Nick Zieminski)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
9 minutes ago
- The Star
Kyrgyzstan bans online porn in crackdown on internet freedoms
FILE PHOTO: Kyrgyz President Sadyr Japarov attends a meeting with his Russian counterpart Vladimir Putin at the Kremlin in Moscow, Russia, July 2, 2025. REUTERS/Maxim Shemetov/Pool/File Photo BISHKEK (Reuters) -Kyrgyzstan has banned access to online pornography and imposed state control over internet traffic under new laws signed by President Sadyr Japarov, his office said on Tuesday. Japarov's office said the ban on pornography is to "protect moral and ethical values" in mostly Muslim Kyrgyzstan, a mountainous Central Asian country of 7 million people which gained independence from the Soviet Union in 1991. The legislation requires internet providers to block websites based on decisions by the ministry of culture. Violators will face fines. Once Central Asia's most democratic country, Kyrgyzstan has seen increasing pressure on opposition groups and independent media since Japarov, a populist and nationalist, swept to power on a wave of protests in 2020. He has made the protection of what he calls traditional Kyrgyz values a centrepiece of his agenda. Also on Tuesday, Japarov signed a decree imposing a state monopoly on international internet traffic. Under the decree, state-owned telecoms company ElCat will become Kyrgyzstan's sole provider of international internet traffic for a year-long trial period, starting on August 15. All other Kyrgyz telecom operators will be required to transfer their contracts for international bandwidth to ElCat within two months. Bishkek-based political analyst Emil Juraev told Reuters: 'This decision only adds to the growing role of the state at the expense of market freedom in Kyrgyzstan.' The move comes ahead of a parliamentary election due in 2026, and a presidential poll due in 2027. Japarov, whose allies dominate the legislature, has indicated he will run again. (Reporting by Aigerim Turgunbaeva, writing by Felix Light, editing by Giles Elgood)


The Star
9 minutes ago
- The Star
LG Innotek to take stake in lidar maker Aeva as part of $50 million deal
FILE PHOTO: A view shows an Aeva Technologies lidar sensor that helps self-driving vehicles gain a detailed view of the road, in Mountain View, California, U.S., in this undated handout photo provided on January 9, 2024. Courtesy Of Aeva Technologies/Handout via REUTERS/File Photo SAN FRANCISCO (Reuters) -Aeva Technologies said on Tuesday that South Korean camera module maker LG Innotek will take an equity stake in Aeva as part of a $50 million strategic collaboration. Aeva makes lidar sensors that help vehicles and industrial equipment gain a detailed three-dimensional view of their environment and detect how fast surroundingobjects are moving. It supplies sensors to vehicle firms such as Daimler Truck and industrial equipment makers such as Nikon. As part of the deal, LG Innotek will make a $32 million equity investment in Aeva for a "single-digit percentage ownership" in the company, Aeva CEO Soroush Salehian told Reuters in an interview. The remainder of the deal will go toward building production capacity for sensors that can go into robotics and consumer devices, in addition to Aeva's existing markets of vehicles and industrial equipment. 'The ultimate goal of this partnership is for LG Innotek and Aeva to grow together as key players leading the next-generation lidar market through a long-term technology partnership that goes beyond the supply of products,' the South Korean electronics supplier's CEO, Hyuksoo Moon, said in a statement. Salehian told Reuters that Aeva is working to integrate its entire sensor into a single chip whose price can be driven low enough to make it viable in consumer electronics such as augmentedreality headsets. "The roadmap that we're going towards is double-digit dollars," Salehian told Reuters. "We are already working towards the next generation that will allow for a very low-cost solution, which we think will be a game changer for mass adoption of what we call precision sensing." (Reporting by Stephen Nellis in San Francisco; Editing by Saad Sayeed)


The Star
39 minutes ago
- The Star
US-Japan trade deal guarantees lowest tariff rates for chips, pharma, Japanese official says
FILE PHOTO: Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport, a day after ministerial talks on tariffs, with U.S. President Donald Trump joining the negotiators, in Tokyo, Japan, April 18, 2025. REUTERS/Issei Kato/File Photo TOKYO (Reuters) -Japan's leading trade negotiator said on Tuesday that the trade deal Tokyo agreed with the United States last week guarantees Japan will always receive the lowest tariff rate on chips and pharmaceuticals of all the pacts negotiated by Washington. "If a third country agrees with the United States on lower rates on chips and pharmaceuticals, those lower rates would apply to Japan," Ryosei Akazawa told a news conference. The European Union secured a 15% baseline tariff as part of a framework trade deal with the U.S. this week, averting looming new tariffs on chips and pharmaceuticals. Japan last week struck a trade deal with the U.S. that lowers tariffs on cars and other goods to 15% in exchange for a U.S.-bound $550 billion Japanese investment package including equity, loans and guarantees. Asked why there has been no joint statement on the agreement, Akazawa said Japan is prioritising having President Donald Trump sign an executive order to bring the agreed 15% tariff rate into effect. "We want to concentrate our efforts on getting the tariffs lowered first, and then we can consider whether an official document on the agreement is necessary," he said. (Reporting by Makiko Yamazaki; Editing by Andrew Heavens and Joe Bavier)