US retreats from Trump’s pasta tariffs, Italy says
Financial Times••general
Key Points:
- The US government has significantly reduced planned tariffs on Italian pasta brands, cutting rates from as high as 92% to between 2% and 14%, easing concerns over the cost impact on Italian exporters.
- The tariffs targeted 13 Italian pasta companies accused by the US of unfairly dumping products, but the reduction follows political pressure amid rising living costs and consumer price concerns in the US.
- The tariff cuts come alongside the White House's broader rollback of Trump-era tariffs on over 200 food products and a delay in tariff hikes on furniture and kitchen cabinets to maintain productive trade negotiations.
- Italy’s agribusiness association warned that the original tariffs would have severely harmed pasta exports, which totaled about €671 million to the US in
