The tariff war alarms Sardinia: "1.5 billion at risk"
The wind of star-spangled protectionism is blowing, the entire economy of the island - from agri-food to sailing - is looking out the window
The canal port of Cagliari (archive photo)
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It is becoming a cost, the wait for the star-spangled tariffs, with Donald Trump who continues to use them as if they were a weapon. The acceleration of January was followed by the slowdown of February. Now the wind of protectionism has started to blow again with the 25% club waved over Europe.
The Sardinian economy watches the American president's moves from the window. In the Island, exports accounted for 6.7 billion in 2024, up 0.8% compared to the previous year . But 78% of the cross-border business is absorbed by refined products. Oil and "cousins". Saras, in short. It's 5.2 billion. The rest is spread across various assets. Value: one and a half billion. From agri-food to wines, passing through sailing and cork.
"The point is simple," says Andrea Monticini, full professor of Financial Econometrics at the Catholic University of Milan, "at present it is not clear how US tariffs will be applied. A dilemma for companies, forced to stand still. In the absence of certainty, you cannot decide how much to export and therefore how much to produce." Translated into hard cash, exposure to risk is growing.
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