Italian Prime Minister Giorgia Meloni's trip to Washington is not a social call but a crucial mission to convince President Trump to reconsider his tariff policies. Meloni, a believer in free trade, will argue against protectionism, highlighting its negative impacts on domestic consumers and economic innovation.
The article emphasizes the significant economic implications of the meeting, suggesting that the future of Italy and Europe hinges on Meloni's success in persuading Trump to abandon protectionist measures. The piece also warns against the growing threat of China's economic and political influence.
Meloni will counter Trump's protectionist stance by emphasizing the historical success of free trade in fostering global prosperity and raising living standards. She will invoke the Pareto Optimality principle to argue that tariffs are detrimental to economic growth.
The looming threat of China's global ambitions is a key factor in Meloni's argument. The article suggests that a protectionist Europe could potentially be drawn closer to China, creating a significant geopolitical risk. Meloni aims to prevent an EU-China trade axis.
Italy's improved economic standing, as reflected in an S&P Global Ratings upgrade, strengthens Meloni's position. Italy's commitment to increasing military spending and its strong stance against a China-centric approach highlight the nation's strategic alignment with the United States.
The article concludes by highlighting Italy's commitment to its relationship with the U.S., contrasting it with Spain's approach. Italy's foreign minister clearly affirms the U.S. as its primary partner, emphasizing the importance of the strategic alliance in navigating global economic and political challenges.