The U.S.–Italy relationship has long married strategic alliance with dense economic interdependence. Today, that partnership is being reshaped by new U.S. industrial policy, Italy’s domestic reform agenda, and a sharper era of geopolitical competition.
Understanding this relationship now means looking not only at trade and investment flows, but also at the political choices - procurement, industrial subsidies, and regulatory alignment - that will determine whether this trans-Atlantic link remains a conduit for growth or hardens into a zone of strategic friction.