Any tariff on top of unfavourable dollar rate "is out of control", Italy industry head says

ROME, July 16 (Reuters) - The only acceptable tariff on European exports towards the United States would be "zero" as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday.

"The real issue is that, to date, not only do we have to consider the burden of tariffs, but we must add on to that the euro-dollar exchange rate, which averages 13%," said Confindustria President Emanuele Orsini.

The head of the national business association added that the dollar devaluation against the euro "is the biggest in the world" and that the lobby's projections showed that it would increase in coming months, to reach up to 20%.

"Any tariff level on top of that is out of control," Orsini said, at a conference in Rome.