Italy’s right-wing leader Meloni positions herself as Trump’s ally in Europe

Italy’s right-wing leader Meloni positions herself as Trump’s ally in Europe


Prime Minister of Italy Giorgia Meloni on Nov. 20, 2024, in Buenos Aires, Argentina.

Tomas Cuesta | Getty Images News | Getty Images

Italian Prime Minister Giorgia Meloni made a surprise visit to Mar-a-Lago on Sunday, meeting incoming President Donald Trump for the second time since he won the U.S. election in November.

During the meeting in Florida, Trump described Meloni as a “fantastic woman… she’s really taken Europe by storm” in a briefing with reporters.

Meloni, meanwhile, posted on X that she’d had a “nice evening” with Trump, adding that she was “ready to work together,” according to a Google translation of her post.

She had previously spoken with the president-elect on the sidelines of the reopening of Notre Dame cathedral in Paris in early December.

The mutual admiration means Meloni is well-placed to position herself as Trump’s key ally in Europe. Her trans-Atlanic efforts come at a complicated time for other European heavyweights Germany and France, whose leaders are struggling with domestic political challenges and have both faced criticism from Trump.

Meloni has a number of reasons to court the incoming administration, not least Trump’s tariff threat to Europe. During his reelection campaign, the former president threatened to impose a 10% tariff on all goods imported to the U.S. — the European Union’s largest trading partner in terms of exports.

For Italy, the cost could be significant.  

A study by European risk analysis firm Prometeia calculated that 10% duties on imports could cost the Italian economy up to $7 billion, as the U.S. is the country’s second-largest export market after Germany. Caixabank analysts put Italy’s exposure to the U.S. at around 4% of GDP, just behind Germany at 5%.

Alongside her meetings with Trump, Meloni has also been cultivating ties with Elon Musk, the Tesla boss who is expected to play a key role in Trump’s new administration. In an interview with Italian news outlet Corriere della Sera, she described him as a “great figure of our times,” adding he is a “genius” and wrongly portrayed as a “monster.”



Source

S&P 500 rises to record as Nvidia results validate AI boom: Live updates
World

S&P 500 rises to record as Nvidia results validate AI boom: Live updates

Traders work on the floor of the New York Stock Exchange on July 30, 2025. Spencer Platt | Getty Images The S&P 500 reached new heights on Thursday as traders pored over Nvidia’s earnings results and forecast. Investors largely looked at the numbers as affirming the AI boom. The broad market index was last 0.2% […]

Read More
U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
World

U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought

A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic […]

Read More
Best Stocks: Another name to ride the trading boom than Robinhood that’s cheaper
World

Best Stocks: Another name to ride the trading boom than Robinhood that’s cheaper

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Robinhood (HOOD) gets lots of attention in the market given its rapid user growth and colorful approach to exposing millions of young people to investing. Its share price has increased almost […]

Read More