US Reduces Proposed Tariffs on Italian Pasta Imports
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US Reduces Proposed Tariffs on Italian Pasta Imports

Summary

The US Department of Commerce has significantly lowered proposed tariffs on Italian pasta producers, reducing rates from up to 92% to as low as 2.26%.

The United States has significantly reduced proposed tariffs on Italian pasta imports, following a reassessment by the Department of Commerce. Initially, 13 Italian pasta producers faced potential duties of up to 92%, which, combined with existing 15% tariffs on European Union imports, could have resulted in total tariffs exceeding 100%. After further review, the Department of Commerce has lowered these rates substantially. La Molisana will now face a tariff of 2.26%, Garofalo 13.98%, and the remaining 11 producers 9.09%. The Italian Foreign Ministry stated that this recalibration reflects the US authorities' recognition of the companies' constructive cooperation. The Department of Commerce noted that Italian pasta makers have addressed many of the concerns raised in the preliminary determination and emphasized its commitment to a fair, transparent process. The final determination is expected by March 12. Italy exports approximately $770 million worth of pasta to the US annually.

Source

bbc.com

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The U.S. Department of Commerce has reduced proposed tariffs on Italian pasta imports, lowering rates from up to 92% to between 2.26% and 13.98%.

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Confirmed

The initial proposed tariffs of up to 92%, combined with existing 15% tariffs on European Union imports, could have resulted in total tariffs exceeding 100%.

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Confirmed

The final determination on the tariffs is expected by March 12.

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Confirmed

Italy exports approximately $770 million worth of pasta to the U.S. annually.

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