Rome, April 1 (LaPresse) – ‘We must avert escalation that would increase the damage’. Thus the Minister for Enterprise and Made in Italy, Adolfo Urso, in an interview with Corriere della Sera on the eve of the entry into force of the new US duties. ‘The European Commission does well,’ Urso explained, ‘to reflect before reacting; countervailing measures such as the one announced on whisky produce serious consequences for direct and symmetrical retaliation, for example, on wines. We need more imagination in reacting with other instruments than just duties. We need a new European industrial policy that restores competitiveness to our companies and takes into account the new geopolitical factors'. Urso recalls that ‘according to President Ursula von der Leyen, US duties will have a negative impact on European growth of 0.3%, any EU countermeasures would increase it to 0.5%: we would hurt ourselves. We are concerned but not resigned. Trade policy is the exclusive competence of the Commission from which we ask for caution, responsibility and foresight'.
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