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Production in the Italian Motor Valley, Ferrari, and Lamborghini, which account for nearly 20% of their output in the United States, will be directly affected by the new tariffs announced by Trump. Then there is indirect damage, particularly in the components sector, where Italy has a €1.2 billion surplus with Germany alone, while the tariff increase may affect German premium automobile shipments to the United States. How should Europe respond? "Firmly, quickly, and in a united manner", Roberto Vavassori, president of ANFIA, the automobile industry group, said in an interview with Corriere della Sera. "And with a response", he added, "not restricted to the car industry but aimed at affirming the EU's autonomy. I'm referring to the European Iron Dome as well as the energy dependence on American LNG". And what should the Italian government do? “Recently it has distanced itself from the more extreme positions of the U.S. administration, and that is positive. The government strongly supports a coordinated European response, which is also encouraging. Trump appears to want to target the most steadfast leaders, but we must maintain the course and pursue our own goals. Unfortunately, every European decision takes a long time. If we adopted the Draghi and Letta reports' recommendations, we would have a far more responsive Europe".
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