
The measure, foreseen by the Budget Law, cancels the national levy on shipments up to 150 euros, never applied and postponed four times
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The 2 euro tax on small non-EU parcels was introduced just a year ago but had never actually been applied. Its entry into force had been postponed four times, with its debut initially scheduled for early 2026.
Italy, in Article 30 of the Budget Law, has decided to abolish the 2 euro tax on small parcels from non-EU countries, which would have come into effect on 1 January 2027. The national levy on shipments with a value not exceeding 150 euros, introduced just a year ago but never actually applied, is cancelled, "for the purposes of coordination with European provisions". A waiver worth 91.3 million euros per year, according to the updated estimates of the technical report. The measure should have debuted at the beginning of 2026, mainly affecting purchases from Chinese e-commerce giants, such as Shein and Temu, but its entry into force has been postponed four times, and now the measure has been stopped.

The spread between BTP and Bund opened the session little changed at 113 basis points after the American vote. Yields on European bonds and US Treasuries are falling, influenced by expectations of a Congress with a Democratic majority.

Piazza Affari opens on the rise (+0.47%) after the US vote that assigns a majority in the Senate and House to the Democrats. Asian stock markets recovering, gold growing strongly to 4,007 dollars an ounce, while Bitcoin retreats.

European stock markets are reacting cautiously but positively to the American vote that gives the majority in the House and Senate to the Democrats, easing fears of shocks on the markets.

Futures on Wall Street eliminate the declines with the Dow Jones in positive territory (+0.06%) and the Nasdaq reducing the decline to 0.3% after the above-expected results of AMD and Super Micro Computer. Stock markets recover globally after the overwhelming Democratic victory and the conciliatory message of Donald Trump, willing to accept the election outcome and collaborate with the Republicans. Tokyo lost 1.4%, Seoul rose by 0.6%, Hong Kong by 1.2%, Shanghai by 1.9% and Shenzhen by 3.4%.

The price of gold increased on the commodity markets: spot gold is traded at $4,021.0900 with a growth of 2.33%, while gold for delivery in December on the Comex is traded at $4,027.70 an ounce with an advance of 2.22%.

After the American vote, gold rises by 2.6% to 4,007 dollars per ounce as a safe haven asset, while cryptocurrencies weaken and Treasuries advance with yields of 4.93% due to the expectation of a stalemate between Congress and the presidency that will curb the expansion of public debt.