"The trade war is a huge problem for Italian industry". The number one of Confindustria, Emanuele Orsini, chose strong words for a situation that threatens to cripple national exports. Orsini rattled off the numbers at stake: €503 billion of EU exports to the United States against €347 billion of imports, resulting in a positive balance of €156 billion. For Italy, there is as much as €67 billion in exports compared to €25 billion in imports from the U.S., or a positive balance of as much as €42 billion. The industrialist leader calls for Europe to stand united during the negotiations also because the problem affects the whole continent. In case of aggressive implementation of Trumpian tariffs, the Unimpresa Study Center has calculated a cumulative negative impact of about three-tenths of GDP in the 2-year period 2025-2026. For this year, the GDP growth estimate has been adjusted downward from 1% to 0.7%, while for 2026 the projection of +1% of the economy remains, an acceleration in the implementation of the National Recovery and Resilience Plan (PNRR) and positive spillovers from increased government spending in major trading partners, Germany foremost among them. But there is still the Trump question.