Sara Armella Supreme Court lawyer addreses the economic consequences of Trump at the WCO Conference

posted on 25th October 2019 by Eddie Saunders

Italian Supreme Court lawyer Sara Armella addressed the attendees of The WCO Conference (World Customs Organization) held in SKOPJE, in North Macedonia, in the presence of Kunio Mikuriya, general secretary of the World Customs Organization and Zoran Zaev, Prime Minister of the Government of the Republic of North Macedonia.

Sara Armella, author of “Customs Law of the European Union” an Italian speaker at the Conference which saw the participation of the world’s leading international trade experts.

Sara Armella’s report touched on crucial points: the legal and economic consequences of Trump’s presidency, from a legal point of view, calling into question the WTO system of rules and the set of rules long applied in international trade.

Trump – according to Sara Armella – raises the issue of keeping the system and runs the risk of overwhelming a shared and applied structure starting from the Second World War. From an economic point of view, Trump’s decisions have translated into a 1% increase in US manufactured product prices and $19 billion in 2018 costs for US consumers.

Moreover, exports of US products decreased by about 30 billion.