Amaplast ‘deeply concerned' by EU-US tariff deal

Milan, Italy – Amaplast has issued a statement expressing its “deep concern” over the trade agreement recently signed between US president Donald Trump and the president of the European Commission Ursula von der Leyen.

The compromise, which introduces a flat 15% tariff on a wide range of European products, “constitutes a serious obstacle for the Italian and European manufacturing industry,” said the Milan-based association.

Particularly alarming is the lack of clarity regarding possible exemptions and the failure to lift the current 50% tariff on European steel, added the Italian trade association representing over 170 manufacturers of machinery for plastics and rubber processing.

In addition to tariffs, the agreement includes substantial financial commitments for the EU: $750 billion in energy purchases from the US over the next three years, $600 billion in investments to be made in the US within two years, and unspecified military supplies.

All these elements place a disproportionate burden on European industry without offering adequate compensation.

“This is not an agreement, it’s more like a surrender,” commented Amaplast president Massimo Margaglione. “In a global context already affected by a weakened dollar and sluggish demand, a blanket 15% tariff is a devastating blow for our companies, which have always driven Italian exports through quality, technology and reliability.”

According to Amaplast, the sector represented by the association exports around 10% of its total turnover to the US.

New conditions imposed by the agreement “could significantly hinder access to one of the most important markets for the sector, which is already suffering from currency fluctuations and an uncertain global outlook.2

Amaplast, therefore, urged the Italian government and the European Commission to adopt a more assertive strategy in defending EU industry and called for urgent clarification on which goods will benefit from tariff exemptions.

The association added that, in view of the strong export orientation of Italian companies – over 70% of all machinery produced is sold abroad – plastics and rubber processing machinery will be included among the products exempted from the new tariff measures.

“Today more than ever,” concluded Margaglione, “Europe needs industrial and monetary policies capable of meeting the global challenge. We cannot allow entrepreneurs to face such unstable international scenarios alone. Without a shared strategic vision, we risk not only competitiveness, but Europe’s very social cohesion.”