Berliner Boersenzeitung - Trump and Italy's Meloni talk up EU tariff deal hopes

EUR -
AED 4.133496
AFN 78.993721
ALL 98.292187
AMD 437.813036
ANG 2.028226
AOA 1031.956036
ARS 1251.004261
AUD 1.754269
AWG 2.025649
AZN 1.917581
BAM 1.956366
BBD 2.27052
BDT 136.679539
BGN 1.955645
BHD 0.423966
BIF 3345.334088
BMD 1.125361
BND 1.459884
BOB 7.77318
BRL 6.356604
BSD 1.124511
BTN 95.971371
BWP 15.247788
BYN 3.681332
BYR 22057.066742
BZD 2.25882
CAD 1.569147
CDF 3232.035901
CHF 0.936355
CLF 0.027415
CLP 1052.026377
CNY 8.144577
CNH 8.147858
COP 4768.715323
CRC 570.754632
CUC 1.125361
CUP 29.822055
CVE 110.567117
CZK 24.960277
DJF 200.244083
DKK 7.463508
DOP 66.164741
DZD 149.7051
EGP 56.934474
ERN 16.880408
ETB 150.878807
FJD 2.553673
FKP 0.845242
GBP 0.846231
GEL 3.08916
GGP 0.845242
GHS 14.79893
GIP 0.845242
GMD 80.467613
GNF 9738.225934
GTQ 8.652503
GYD 236.030939
HKD 8.753814
HNL 29.213678
HRK 7.537782
HTG 146.858327
HUF 404.297467
IDR 18625.223483
ILS 3.99081
IMP 0.845242
INR 96.115361
IQD 1474.222318
IRR 47377.679471
ISK 146.983775
JEP 0.845242
JMD 178.745792
JOD 0.798223
JPY 163.602108
KES 145.738469
KGS 98.413212
KHR 4501.642176
KMF 491.224149
KPW 1012.802732
KRW 1571.172561
KWD 0.345153
KYD 0.937442
KZT 580.552785
LAK 24319.041837
LBP 100832.305501
LKR 336.104243
LRD 224.902123
LSL 20.538259
LTL 3.322898
LVL 0.68072
LYD 6.16251
MAD 10.412403
MDL 19.279978
MGA 5059.597826
MKD 61.530109
MMK 2362.563611
MNT 4024.463103
MOP 9.012527
MRU 44.800439
MUR 51.440657
MVR 17.33476
MWK 1949.845012
MXN 21.874928
MYR 4.835718
MZN 71.914736
NAD 20.538254
NGN 1808.578614
NIO 41.376711
NOK 11.672544
NPR 153.553794
NZD 1.904244
OMR 0.433006
PAB 1.124915
PEN 4.097481
PGK 4.667629
PHP 62.307881
PKR 316.686827
PLN 4.233571
PYG 8990.285386
QAR 4.097157
RON 5.12017
RSD 117.243917
RUB 92.791924
RWF 1616.471511
SAR 4.221084
SBD 9.389874
SCR 15.97473
SDG 675.783146
SEK 10.92971
SGD 1.460835
SHP 0.884357
SLE 25.60237
SLL 23598.229739
SOS 642.648918
SRD 41.30355
STD 23292.691251
SVC 9.842847
SYP 14631.484448
SZL 20.443375
THB 37.092299
TJS 11.642765
TMT 3.950016
TND 3.394369
TOP 2.635711
TRY 43.631708
TTD 7.642143
TWD 34.05499
TZS 3033.358886
UAH 46.714787
UGX 4117.191035
USD 1.125361
UYU 47.023603
UZS 14500.271038
VES 104.337792
VND 29235.178998
VUV 136.341926
WST 3.126761
XAF 655.904864
XAG 0.034382
XAU 0.000338
XCD 3.041344
XDR 0.815735
XOF 655.904864
XPF 119.331742
YER 275.094795
ZAR 20.478918
ZMK 10129.599402
ZMW 29.602647
ZWL 362.365637
  • CMSD

    0.0100

    22.34

    +0.04%

  • SCS

    -0.0200

    10.46

    -0.19%

  • NGG

    0.5100

    70.69

    +0.72%

  • RIO

    0.8000

    59.98

    +1.33%

  • BP

    1.1800

    29.77

    +3.96%

  • CMSC

    -0.0500

    22.06

    -0.23%

  • RBGPF

    65.2700

    65.27

    +100%

  • BCC

    -0.9600

    88.62

    -1.08%

  • AZN

    0.2700

    67.57

    +0.4%

  • GSK

    -0.2500

    36.62

    -0.68%

  • BCE

    0.4800

    22.71

    +2.11%

  • BTI

    -1.6600

    41.64

    -3.99%

  • JRI

    0.0300

    12.98

    +0.23%

  • RELX

    0.3486

    53.85

    +0.65%

  • VOD

    0.0500

    9.3

    +0.54%

  • RYCEF

    0.0500

    10.55

    +0.47%

Trump and Italy's Meloni talk up EU tariff deal hopes

Trump and Italy's Meloni talk up EU tariff deal hopes

Donald Trump and Giorgia Meloni hit an optimistic note about a possible US-EU tariffs deal Tuesday as the far-right Italian prime minister mounted a charm offensive at the White House.

Text size:

Casting herself as the only European who can de-escalate Trump's trade war, Meloni highlighted their conservative common ground and said she wanted to "make the West great again."

"There will be a trade deal, 100 percent," Trump said during her visit. Meloni said she was "sure" they could reach a deal.

The two leaders struck a warm tone during a working lunch and a meeting in the Oval Office, with Trump hailing the 48-year-old Italian premier as "fantastic".

Meloni is the first leader from Europe to visit the Republican since he slapped 20 percent tariffs on EU exports, which he has since suspended for 90 days.

The Italian leader said Trump had accepted an invitation to visit Rome in the "near future" and that he might also meet European leaders there.

"Even if we have some problems between the two shores of the Atlantic, it is the time that we try to sit down and find solutions," she said.

Meloni highlighted their shared views on immigration and "woke" ideology and added: "The goal for me is to make the West great again, and I think we can do it together."

- 'Get smart' -

But while Trump expressed confidence about an eventual deal with the 27-nation bloc he accuses of trying to "screw" the United States, he said he was in "no rush."

"Everybody wants to make a deal -- and if they don't want to make a deal, we'll make the deal for them," Trump added.

Trump also returned to his administration's familiar criticisms of Europe, saying it needed to "get smart" on immigration and boost defense spending on NATO.

The US leader said separately that superpower rival China had "reached out" about a possible deal to end the bitter trade war between the world's biggest economies.

Trump has slapped eye-watering 145 percent tariffs on Chinese goods after it retaliated to his worldwide "Liberation Day " tariffs announcement on April 2.

"I think we're going to make a very good deal with China," he added.

Russia's war in Ukraine meanwhile remained a touchy subject between the US and Italian leaders.

Meloni has been a staunch ally of Ukraine and President Volodymyr 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."

Trump however has stunned allies with a pivot towards Moscow and repeated attacks on Zelensky, whom he berated in an Oval Office meeting in February.

The US leader said with Meloni beside him that "I don't hold Zelensky responsible but I'm not exactly thrilled with the fact that that war started," adding that he was "not a big fan" of the Ukrainian.

- Uncertainty -

Meloni had earlier acknowledged the uncertainty weighing on her trip as Europe reels from repeated blows from a country that has been the continent's defender for decades.

"I am aware of what I represent and I am aware of what I am defending," Meloni said Tuesday.

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.

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

"If we start having bilateral discussions, obviously it will break the current dynamic," France's Industry Minister Marc Ferracci warned last week.

A European Commission spokeswoman said that while the EU alone could negotiate trade agreements, Meloni's "outreach is very welcome" and was coordinated with Brussels.

Following Thursday's meeting with Trump, Meloni will fly back to Rome on Friday in time to host US Vice President 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.

(K.Müller--BBZ)