Italy says aspects of
Trump's stance on trade are worrying
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[January 27, 2017]
BRUSSELS (Reuters) - Signs
that U.S. President Donald Trump is ready to adopt
protectionist trade policies are a cause for concern and
would hurt Europe, Italian Economy Minister Pier Carlo
Padoan said on Friday.
Pier Carlo Padoan, Minister of Economy and Finance of
Italy attends the annual meeting of the World Economic
Forum (WEF) in Davos, Switzerland, January 18, 2017.
Speaking to reporters after a meeting with European finance
ministers in Brussels, Padoan said he viewed positively Trump's
intention to stimulate the U.S. economy, but his early policy
indications on trade had "very worrying aspects".
"If protectionism really sets in in the United States this would
hurt Europe," Padoan said.
Turning to Italy's public finances, the minister said it would
be "a big problem for Italy" if an ongoing tussle between Rome
and the European Commission resulted in Brussels opening a
formal procedure to force the government to make steeper deficit
(writing by Gavin Jones, editing by Isla Binnie)
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