Around 68,000 jobs are at risk in
Italy due to US President Donald Trump's tariffs, the
Parliamentary Budget Office (UPB) said on Thursday.
"The US tariffs will have an impact on almost every sector of
the Italian economy, taking into account the induced effects
too, with a loss at the aggregate level of added value of around
three-tenths of a percentage point," UPB President Lilia
Cavallari told a joint hearing of the Lower House and Senate
budget committees on the government's economic blueprint, the
public finance document (DFP).
"In terms of employment, the effect is quantifiable in about
68,000 fewer jobs in total".
Cavallari said that the pharmaceutical, mining, automotive,
chemical, metallurgical and machinery manufacturing sectors
would be those worst affected, according to the UPB's
simulations.
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