The Guardian and Factnameh reveal medical imaging from Iranian hospitals, showing catastrophic injuries inflicted on protesters during January crackdowns, highlighting...
Read More
Bank of Italy: Panetta on Trump’s tariff war, ‘Trade wars also harm the countries that initiate them’
The governor of the Central Bank of Italy warns of risks to the global economy from the use of tariffs as negotiating leverage
At the 31st annual Assiom Forex Congress in Turin, Fabio Panetta, Governor of the Bank of Italy, highlighted the dangers of trade wars, pointing out that, historically, they also damage growth in countries that initiate them. Panetta suggested that the US administration’s tariff announcements could be used as a negotiating lever to redefine economic and political relations at the global level.
However, the governor also warned that, in a context already marked by geopolitical and trade tensions, such a strategy could spiral out of control, with destabilising effects beyond initial intentions. Panetta reiterated the importance of solutions based on cooperation to avoid a spiral of conflict that threatens global stability.
On the economic front, Panetta analysed the impacts of the tariffs announced by US President Donald Trump. If implemented, these could reduce global growth by 1.5 percentage points, with an impact of more than 2 per cent on the US economy. For the eurozone, the consequences would be smaller, around half a point, but with greater effects for Germany and Italy, due to their strong trade with the US.
Panetta then spoke of the uncertainty over trade policies, which could amplify the negative effects. Although an increase in US tariffs on European exports would not have a significant impact on inflation, volatility in energy markets, particularly in the gas sector, is a greater risk. The governor concluded by saying that even with a forecast of slowing global demand, the situation should be monitored carefully.
THE LATEST NEWS
Middle East: Risk of Imminent US Strike on Iran
19 Febbraio 2026
In recent days, tensions between the United States and Iran have escalated, with the US increasing military presence and Iran...
Read More
Oil price above $71 amid tensions in the Middle East
19 Febbraio 2026
Oil price rises due to US-Iran tensions: Brent rises to $71.30 per barrel as markets fear a prolonged conflict and...
Read More
Trump long-term plan for Venezuela oil sector: strategy and risks
18 Febbraio 2026
Washington signals a multi-year strategy after Maduro’s removal while industry leaders and analysts warn about costs, risks and political uncertainty...
Read More
European Commission leaks crackdown after internal concerns
18 Febbraio 2026
Internal information leaks inside the EU executive trigger new discipline measures for commissioners as transparency tensions resurface in Brussels The...
Read More
Iran Threat: Supreme Leader Signals Risk to US Warships
17 Febbraio 2026
Tehran’s Supreme Leader issues a direct warning as US aircraft carriers deploy to the Gulf amid nuclear negotiations Warning over...
Read More
(Photo: © AndKronos)
Condividi su:
-
Primo Piano17 ore agoGB, arrestato e poi rilasciato ex principe Andrea: accuse legate al caso Epstein
-
Flash22 ore agoTentato rapimento in pista di pattinaggio a Scandicci, paura per un bambino
-
News20 ore agoOmicidio a Scandicci: fermato uomo per la decapitazione di Silke Sauer
-
International-News20 ore agoIran Protests: Radiographs Show Devastating Wounds