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Rome calls on US to reconsider extra tariff on pasta imports
Yahoo Financeยท 2025-10-05 09:57
Core Points - Italy is collaborating with the European Commission to urge the U.S. to reconsider a proposed anti-dumping tariff on pasta imports, which would nearly double the price of pasta [1][2] - The U.S. Department of Commerce has proposed an additional duty of 91.74% on certain Italian pasta producers, citing unfair pricing practices from July 2023 to June 2024 [1] - The new tariffs would be in addition to the existing 15% U.S. tax on most imports from the EU, set to take effect in January 2026 [2] Industry Impact - In 2024, Italy's pasta exports were valued at over 4 billion euros (approximately $4.70 billion), with nearly 2.5 million tons exported [3] - The U.S. is one of Italy's top three export markets for pasta, accounting for almost $800 million in exports, highlighting the significance of this market for Italian producers [2][3] - Italy's main business lobby, Confindustria, has revised its economic growth forecasts downward for this year and next, attributing the changes to the anticipated impact of U.S. tariffs and ongoing geopolitical tensions [3]