According to President Pietro Almici, the agreement between the US and the EU will impact the primary destination market for mechanical engineering, represented by Anima, but it is difficult to estimate the potential losses. "Finding outlets in new markets is essential."
"The terms of the agreement between the US and the EU are creating a climate of uncertainty that risks causing the entire Italian and European mechanical engineering industry to lose a significant share of revenue in the coming months, also due to the devaluation of the dollar." These are the words of Pietro Almici, President of Anima Confindustria, who emphasizes the importance of the US for the Italian mechanical engineering industry. In 2024, the United States emerged as the primary export destination for the sectors represented by Anima Confindustria, with a turnover of approximately €4.4 billion. However, the terms of the agreement between the US and the EU - which also include a commitment from Europe to invest hundreds of billions of euros in the United States—not only penalize many European industrial sectors, but also involve a process that is raising significant concerns for the health and competitiveness of our market.
"In addition to the introduction of such high duties," Almici continues, "our concern is that the investments envisaged by the agreement, which Europe will be required to meet, could divert resources from supporting European industry and burden businesses, hindering the growth of certain sectors. Furthermore, the current lack of communication between American and European institutions on the matter makes the terms of the agreement difficult to fully understand. At this time, we can say with certainty that our companies will lose market share in the US, but it is difficult to make a precise estimate; the Anima Research Office will monitor the impact that the measures implemented by the US administration will have on the Italian industrial system, particularly for the sectors we represent."
Indeed, it should be noted that these measures could have a knock-on effect on the entire Italian production system, affecting not only direct steel and aluminum producers, but also the numerous sectors dependent on mechanical engineering.
"While on the one hand," says President Almici, "it is essential to work to ensure constructive dialogue with the United States, in order to find solutions that foster cooperation and mutual competitiveness, on the other, we must remember all those emerging markets that are currently of great interest to the Italian mechanical engineering industry. In this sense, the treaty between the EU and Mercosur could represent a great opportunity for the entire manufacturing sector. The Italian mechanical engineering industry is ready to actively contribute to the development of strategies that can mitigate the effects of these protectionist policies, including by strengthening its presence in other markets."
ANIMA Confindustria is the trade organization within Confindustria that represents companies in the mechanical and related sectors, a sector that employs 221,700 people, generates a turnover of €55.5 billion and accounts for 59% of exports (data from the Anima Research Office). The main sectors represented by ANIMA are: construction and infrastructure; material handling and logistics; food production; energy production; industrial production; and safety and environment.
"The terms of the agreement between the US and the EU are creating a climate of uncertainty that risks causing the entire Italian and European mechanical engineering industry to lose a significant share of revenue in the coming months, also due to the devaluation of the dollar." These are the words of Pietro Almici, President of Anima Confindustria, who emphasizes the importance of the US for the Italian mechanical engineering industry. In 2024, the United States emerged as the primary export destination for the sectors represented by Anima Confindustria, with a turnover of approximately €4.4 billion. However, the terms of the agreement between the US and the EU - which also include a commitment from Europe to invest hundreds of billions of euros in the United States—not only penalize many European industrial sectors, but also involve a process that is raising significant concerns for the health and competitiveness of our market.
"In addition to the introduction of such high duties," Almici continues, "our concern is that the investments envisaged by the agreement, which Europe will be required to meet, could divert resources from supporting European industry and burden businesses, hindering the growth of certain sectors. Furthermore, the current lack of communication between American and European institutions on the matter makes the terms of the agreement difficult to fully understand. At this time, we can say with certainty that our companies will lose market share in the US, but it is difficult to make a precise estimate; the Anima Research Office will monitor the impact that the measures implemented by the US administration will have on the Italian industrial system, particularly for the sectors we represent."
Indeed, it should be noted that these measures could have a knock-on effect on the entire Italian production system, affecting not only direct steel and aluminum producers, but also the numerous sectors dependent on mechanical engineering.
"While on the one hand," says President Almici, "it is essential to work to ensure constructive dialogue with the United States, in order to find solutions that foster cooperation and mutual competitiveness, on the other, we must remember all those emerging markets that are currently of great interest to the Italian mechanical engineering industry. In this sense, the treaty between the EU and Mercosur could represent a great opportunity for the entire manufacturing sector. The Italian mechanical engineering industry is ready to actively contribute to the development of strategies that can mitigate the effects of these protectionist policies, including by strengthening its presence in other markets."
ANIMA Confindustria is the trade organization within Confindustria that represents companies in the mechanical and related sectors, a sector that employs 221,700 people, generates a turnover of €55.5 billion and accounts for 59% of exports (data from the Anima Research Office). The main sectors represented by ANIMA are: construction and infrastructure; material handling and logistics; food production; energy production; industrial production; and safety and environment.
Pour plus d’informations: ANIMA Confindustria
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