Berliner Boersenzeitung - Italy's Meloni in Washington seeking EU tariff deal from Trump

EUR -
AED 4.164826
AFN 79.297419
ALL 98.016071
AMD 435.823818
ANG 2.02931
AOA 1040.351542
ARS 1311.350935
AUD 1.758174
AWG 2.04243
AZN 1.911896
BAM 1.95475
BBD 2.289171
BDT 138.435663
BGN 1.954733
BHD 0.42751
BIF 3374.558179
BMD 1.133896
BND 1.460516
BOB 7.834724
BRL 6.393017
BSD 1.133776
BTN 96.782177
BWP 15.218694
BYN 3.710408
BYR 22224.364026
BZD 2.277357
CAD 1.566007
CDF 3248.612837
CHF 0.937851
CLF 0.027745
CLP 1064.683279
CNY 8.168927
CNH 8.150122
COP 4663.714757
CRC 576.782651
CUC 1.133896
CUP 30.048247
CVE 110.203879
CZK 24.900587
DJF 201.516653
DKK 7.456597
DOP 66.814122
DZD 149.755109
EGP 56.457368
ERN 17.008442
ETB 154.131476
FJD 2.553305
FKP 0.836075
GBP 0.839021
GEL 3.106936
GGP 0.836075
GHS 11.734595
GIP 0.836075
GMD 81.640415
GNF 9821.725958
GTQ 8.699329
GYD 237.56034
HKD 8.887762
HNL 29.531142
HRK 7.535859
HTG 148.140452
HUF 403.792312
IDR 18465.838545
ILS 4.00754
IMP 0.836075
INR 96.790224
IQD 1485.20248
IRR 47765.373801
ISK 143.993729
JEP 0.836075
JMD 180.34316
JOD 0.803962
JPY 163.338876
KES 146.454115
KGS 99.159321
KHR 4538.522891
KMF 492.682916
KPW 1020.511574
KRW 1557.802995
KWD 0.347664
KYD 0.944784
KZT 580.370677
LAK 24499.628195
LBP 101585.654933
LKR 339.917472
LRD 226.756237
LSL 20.292503
LTL 3.348101
LVL 0.685883
LYD 6.177683
MAD 10.46588
MDL 19.540335
MGA 5177.174318
MKD 61.496978
MMK 2380.682146
MNT 4056.188007
MOP 9.154004
MRU 44.850916
MUR 51.172898
MVR 17.530065
MWK 1965.927004
MXN 21.851403
MYR 4.808031
MZN 72.466903
NAD 20.292503
NGN 1797.34302
NIO 41.727593
NOK 11.508762
NPR 154.8508
NZD 1.905921
OMR 0.436508
PAB 1.133781
PEN 4.146274
PGK 4.652502
PHP 63.01624
PKR 320.859406
PLN 4.247632
PYG 9059.135452
QAR 4.144038
RON 5.054226
RSD 117.15554
RUB 90.994768
RWF 1609.021802
SAR 4.253079
SBD 9.468902
SCR 16.12121
SDG 680.906924
SEK 10.908192
SGD 1.460747
SHP 0.891064
SLE 25.762487
SLL 23777.23501
SOS 647.943498
SRD 41.76478
STD 23469.360435
SVC 9.920673
SYP 14742.753199
SZL 20.285928
THB 37.067557
TJS 11.428362
TMT 3.974306
TND 3.385182
TOP 2.655697
TRY 44.326614
TTD 7.712756
TWD 33.987515
TZS 3058.117661
UAH 47.271999
UGX 4136.778645
USD 1.133896
UYU 47.184663
UZS 14671.121944
VES 107.546107
VND 29387.752788
VUV 137.545999
WST 3.127149
XAF 655.599176
XAG 0.034073
XAU 0.000342
XCD 3.064411
XDR 0.811425
XOF 655.599176
XPF 119.331742
YER 276.500743
ZAR 20.360108
ZMK 10206.425145
ZMW 30.640277
ZWL 365.114089
  • RBGPF

    2.0500

    65.05

    +3.15%

  • BCC

    2.9800

    89.54

    +3.33%

  • CMSD

    0.2400

    22.13

    +1.08%

  • CMSC

    0.1900

    22.13

    +0.86%

  • BCE

    -0.0500

    21.48

    -0.23%

  • RIO

    -0.7800

    60.8

    -1.28%

  • NGG

    -0.0900

    74.7

    -0.12%

  • SCS

    0.4100

    10.5

    +3.9%

  • RYCEF

    0.3700

    11.57

    +3.2%

  • RELX

    0.2200

    55.66

    +0.4%

  • VOD

    0.0300

    10.5

    +0.29%

  • JRI

    0.1300

    12.82

    +1.01%

  • GSK

    0.7800

    39.44

    +1.98%

  • BTI

    0.0400

    45.26

    +0.09%

  • BP

    0.0600

    29.15

    +0.21%

  • AZN

    0.5500

    70.96

    +0.78%

Italy's Meloni in Washington seeking EU tariff deal from Trump
Italy's Meloni in Washington seeking EU tariff deal from Trump / Photo: Alberto PIZZOLI, Brendan Smialowski - AFP

Italy's Meloni in Washington seeking EU tariff deal from Trump

Italy's Prime Minister Giorgia Meloni meets with Donald Trump Thursday in Washington, hoping a personal charm offensive can help convince the US president to cut a more favourable deal on EU tariffs.

Text size:

The far-right Meloni -- described by Trump as a "fantastic leader" who shares many of his conservative views -- is the first European leader to meet with Trump since his trade war with the bloc began.

She has looked to maintain ties with the mercurial leader despite the widespread disruption caused by his tariff policies, even while criticizing as "wrong" his 20 percent duties on EU exports, which he later suspended for 90 days.

Amid the uncertainty, Meloni has called for cool heads, urging Brussels not to retaliate while casting herself as the only EU leader able to potentially de-escalate the conflict through her personal relationship with the US president.

Her bilateral meeting with Trump, scheduled for noon at the White House, does not come without risk, however.

Italian newspapers on Wednesday floated the possibility that Meloni could end up in a trap similar to the White House meeting in February with Ukrainian leader Volodymyr Zelensky, in which Trump and his Vice President JD Vance berated their guest in front of reporters.

Meloni has been a staunch ally of Ukraine and Zelensky since Russia's invasion of the country in 2022, most recently calling Moscow's Palm Sunday attack on the city of Sumy "horrible and vile."

The only EU leader to be invited to Trump's inauguration in January, Meloni has acknowledged the uncertainty weighing on her quick visit.

"We know we're going through a difficult period, let's see how it goes in the coming hours. I don't feel any pressure, as you can imagine, for my next two days, let's say," she joked at an awards ceremony for Italian goods Tuesday.

"Surely, I am aware of what I represent and I am aware of what I am defending," she added.

Italian newspapers reported that one of the goals of Meloni's visit was to pave the way for a meeting between Trump and EU chief Ursula von der Leyen.

- 'Need to talk' -

Meloni has said the goal should be to eliminate so-called reciprocal duties on existing industrial products as part of a "zero for zero" formula, as floated by the European Commission earlier this month.

"We absolutely must avoid a tariff war," Italy's Industry Minister Adolfo Urso told reporters Tuesday, saying Meloni would seek in Washington to "convince everyone we need to talk."

Meloni's decision to personally intercede with Trump has caused some disquiet among EU allies, concerned her visit could undermine the unity of the bloc.

"If we start having bilateral discussions, obviously it will break the current dynamic," France's industry minister, Marc Ferracci, warned last week, saying "Europe is only strong if it is united."

A French government spokeswoman said later, however, that all voices that helped encourage dialogue with the United States were welcome.

A European Commission spokeswoman had a similar line on Monday, noting that while the EU alone could negotiate trade agreements, Meloni's "outreach is very welcome".

Her meeting was "closely coordinated" with the EU, the spokeswoman said, noting that Meloni and von der Leyen had been "in regular contact."

Following Thursday's meeting with Trump, Meloni will fly back to Rome on Friday in time to host JD Vance, with whom she has a meeting planned.

Trump's threatened tariffs could have a major impact on Italy, the world's fourth-largest exporter, which sends around 10 percent of its exports to the United States.

During her meeting, Meloni is also likely to discuss Trump's demand for NATO allies to spend more on defence.

Trump wants the current target raised from two to five percent of gross domestic product (GDP), a huge demand for debt-laden Italy, which currently spends around 1.5 percent.

(G.Gruner--BBZ)