107% tariffs on Italian pasta no longer set to take effect
CNN••nation
Key Points:
- The U.S. Commerce Department plans to significantly lower tariffs on products from over a dozen Italian pasta makers, reducing proposed rates from 92% to between 24% and 29%.
- These tariffs stem from an antidumping investigation initiated by two American companies alleging that Italian pasta was sold in the U.S. at unfairly low prices.
- The preliminary investigation found that two major Italian companies, La Molisana and Pastificio Lucio Garofalo, sold pasta below normal value and were uncooperative during the probe.
- The decision to recommend lower tariffs followed additional comments and cooperation from Italian pasta makers, reflecting a commitment to a fair and transparent process.
- The Italian Ministry of Foreign Affairs welcomed the tariff reduction as
