The board of Pirelli is calling on Sinochem, its largest shareholder, to reduce its stake in light of recent tariff announcements from President Trump. In short, the board is concerned that Trump’s unease about Chinese ownership of American assets as well as the impact of tariffs will hamper Pirelli’s growth plans. Indeed, according to various news reports including those published in Financial Times and by Reuters suggest Pirelli’s management will “demand the Chinese investor immediately cut its 37 per cent stake to less than Italian shareholder Camfin’s 26.4 per cent holding…”