Milan – Italian fashion director said he appealed to the government to protect the country’s second largest industry from the possibility of tariffs from the Trump administration.
“We hope they don’t arrive,” Italian National Fashion Director Carlo Capasa said Wednesday in a presentation on the calendar for the upcoming Milan Fashion Week later this month. “If Trump is punished by Italian second industry, that’s a rather hostile declaration.”
A survey by the Provincial Development Bank CDP, released in December, shows that fashion has been the Italian GDP, or 75 billion euros ($78 billion) through its production and sales of textiles, apparel and footwear, as well as its 1.2 million employees. Create.
The threat of tariffs from US President Donald Trump has seen a global contraction that cut global sales by 5% in 2024 and experienced a global contraction that fell from 110 billion euros in 2023 to 96 billion euros. It creates certainty. Chamber. Beyond textiles, apparel and footwear, figures also include jewelry, eyewear and leather products.
Trump threatened to impose tariffs on imports into Europe, but he has no clear plans.
Italy exported luxury fashion worth 4.6 billion euros worth of apparel, footwear, leather goods, jewelry and eyewear to the United States for the first 10 months of last year. It is the third market after France and Germany, with €7.6 billion and €4.7 billion respectively being sold in Italian luxury ways over the same period.
Exports for the same period increased 2.5% to 91 billion euros, according to Fashion Chamber data.
Despite a global decline in sales, the industry outperforms the results before the Covid-19 pandemic, with sales in 2019 at 90 billion euros.
