The US has set out plans to slash its proposed anti-dumping duty on more than a dozen Italian pasta exporters. The businesses have been facing a duty of almost 92% on shipments to the US – on top of the 15% tariff Washington has placed on most EU exports. The US Department of Commerce has issued a “preliminary determination” that includes the prospect of the duty being cut to as low as 2.26%. On New Year’s Eve (31 December), the US Department of Commerce outlined the "post-preliminary analysis" of a re ...

Core Viewpoint - The U.S. has decided to reduce proposed tariffs on Italian pasta producers after an investigation found that many concerns regarding unfair pricing had been addressed by exporters [1][2]. Group 1: Tariff Adjustments - Proposed tariffs on 13 Italian pasta companies have been rolled back, with specific reductions noted for La Molisana to 2.26% and Garofalo to 13.98% [4]. - The remaining 11 pasta makers, including Barilla and Rummo, will now face a tariff of 9.09% [4]. Group 2: Market Impact - Previously proposed duties could have reached up to 92%, in addition to a 15% tariff on most EU imports, which posed a significant threat to the U.S. market valued at nearly $800 million for Italian pasta exporters [7]. - Companies had warned that such high tariffs could effectively exclude them from the U.S. market [7]. Group 3: Future Developments - The final tariff rates are expected to be announced on March 12, with a possibility of extension by up to 60 days [10].

Group 1 - The Trump administration is considering a new 92% antidumping duty on Italian pasta makers, which, combined with the existing 15% European imports tariff, would raise total duties to 107% on 13 major Italian exporters [1] - Industry experts warn that the implementation of this tariff could lead to increased U.S. pasta prices or result in certain brands being removed from shelves as early as January [2] - The American pasta market is valued at over $9 billion and continues to grow, indicating the significance of this sector in the U.S. economy [3] Group 2 - The U.S. imports approximately $684 million worth of pasta from Italy annually, accounting for roughly 15% of Italy's pasta exports, highlighting the potential economic impact of the proposed tariffs [4] - The proposed tariff is a result of a routine antidumping review initiated by the U.S. Department of Commerce following complaints from U.S. companies claiming that Italian pasta makers were selling products below fair market value [4][5] - The practice of "dumping" occurs when foreign producers sell goods in the U.S. at prices lower than their normal value, which has prompted the investigation into Italian pasta imports [5]