Italy Calls on the US to Reevaluate Tariff on Pasta Imports
The Italian Ministry of Foreign Affairs announced that it is working with the European Commission to pressure the United States to review the additional anti-dumping tariff of 91.74% to be applied on pasta imports. This situation poses the risk of pasta prices nearly doubling.
Background of Tax Applications
The decision to implement the additional tax was made following an investigation conducted by the US Department of Commerce. The investigation found that two major Italian manufacturers were unfairly selling their pasta at low prices between July 2023 and June 2024. The new tariffs will be applied in addition to the existing 15% customs duty on imports from the EU, which will come into effect in January 2026.
Reactions from Italy and Economic Impacts
The Italian Ministry of Foreign Affairs contested these findings and stated that it would assist local companies in protecting their rights through the embassy in Washington. The **US** is one of the most significant markets for Italy's $800 million pasta exports and is an important part of Italy's culinary culture.
Export Figures and Economic Outlook
Italy's total pasta exports are expected to reach €4 billion (approximately $4.70 billion) by 2024. During this period, around 2.5 million tons of pasta are projected to be sold abroad. However, Confindustria, Italy's leading business lobby, announced that it has downgraded the country's economic growth forecasts for this year and next due to the negative effects of US tariffs and geopolitical tensions on exports.
```⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.
pasta import, customs duty, US trade, Italian economy, foreign trade
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