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Because Italy and Germany are the countries most damaged by duties

Because Italy and Germany are the countries most damaged by duties


Of
Claudio Del Friar

The economies of Berlin and Rome are those that depend most on the US markets. Factor that can push for a softer attitude towards Trump

What are the European states potentially most exposed to the Commercial war unleashed by Trump? Figures in hand are Germany and Italy, flanked by Ireland and – wanting to take a step out of the EU perimeter – the Swiss. The data takes on relevance as the moment when the Brussels delegation will sit at the negotiation table with Washington approaches. That It does not seem to have an initially benevolent attitude towards overseas partners.

The figures were processed by Eurostatthe Union Statistical Agency, which refer to data of 2023. In percentage terms, the country whose export depends on the greater extent on the stars and stripes market is Ireland: 26.6% of its exports are directed to the USA. Surprising fact but which needs a specific: Dublin – thanks to a favor of favor – It is the European headquarters of the major US multinationalsstarting with the big tech.

Following in this ranking we find the Finland that directs 11.1% in the USA of his goods; And immediately close here are the greatest manufactures, that is to say Italy (10,7) and Germany (9.9). Among the major economies, France and Spain depend to a lesser extent on the USA (and therefore they are less affected by duties). Their slice of exports towards the other side of the ocean is respectively 7.3 and 4.3%. In the middle they sail a series of other economies, starting from the Scandinavian ones and the Switzerland for which US exports are worth 15.5% of its total.

If instead the absolute export values The ranking is partially disrupted. There Germany clearly detaches all the other chorded companions European Championships: in 2023 he sold goods for over 157 billion euros to the USA. Italy is second with 67 billion Followed by Switzerland (56.6) Ireland (51) and France (43).

Are figures that, in other words, determine The power relationships within the EU in the attitude to be held towards Trump: economies that export less to the USA could convince themselves to marry a harder line (i counter), the others to keep one more dialogue. It being understood that, according to what the EU Commissioner to the SEFKOVIC trade, the only viable road provides for the EU Commissioner For the 27 to march united and, for the moment, to « keep the bazooka on the table ».

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April 9, 2025

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