Economy ministers from Italy and Spain are calling for European governments to avoid confrontation with the U.S. over President Donald Trump’s tariffs, despite the biggest EU countries calling for a tougher stance.
“We still are calling for a negotiated solution,” Carlos Cuerpo, Spain’s minister of economy, trade and business, said on Saturday. Giancarlo Giorgetti, Italian economy and finance minister, urged colleagues not to use “the panic button,” Bloomberg reported.
“We must try to keep a cool head, evaluate the impact, and avoid a policy of retaliatory tariffs which would just be damaging for all, and especially for us,” Giorgetti said at a conference in Cernobbio, beside Lake Como.
