US slashes proposed tariffs on Italian pasta imports
bbc.com••nation
Key Points:
- The US has significantly reduced proposed tariffs on pasta imported from 13 Italian producers, avoiding previously threatened rates of up to 92%, which could have doubled the cost of pasta for American consumers.
- The initial tariffs were imposed due to allegations that these Italian companies were selling pasta in the US at unfairly low prices, a practice known as dumping, which undercut local producers.
- The Italian foreign ministry welcomed the tariff reduction as recognition of constructive cooperation by Italian companies, with some tariffs lowered to as little as 2.26%, while others remain under 14%.
- The US Commerce Department noted that the pasta makers addressed many concerns, and the final tariff decision will be made after further review and engagement with stakeholders.
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