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4h ago

U.S. Slashes Proposed Tariffs on Italian Pasta After Review

A Commerce review recalculated duties in response to company cooperation.

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A worker at the Italian pasta maker De Cecco's factory prepares pasta in Fara San Martino, Italy, November 29, 2021. Pasta makers are fearful of a substantial supply squeeze in the coming months after this summer's durum wheat price shock, as the market runs out of ways to offset a dire harvest in top exporter Canada. Picture taken November 29, 2021. REUTERS/Remo Casilli/File Photo
A staff member shows farfalle pasta on the production line of the Barilla factory. Barilla is one of 13 Italian pasta companies set to face higher tariffs on exports to the United States later this year.
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Overview

  • La Molisana will face a 2.26% duty, Garofalo about 13.98%, and 11 other producers 9.09%, according to Italy's foreign ministry.
  • The October plan had threatened extra duties as high as 92% on 13 companies on top of the existing roughly 15% tariff on most EU imports.
  • The Commerce Department plans to release the full conclusions of its review on March 11, and Italy says it will keep assisting affected firms.
  • Italy exported more than €4 billion of pasta in 2024, with nearly $800 million sold in the U.S., underscoring the market stakes.
  • The rollback eases a political embarrassment for Prime Minister Giorgia Meloni, who had hoped her relationship with President Donald Trump would shield Italian exporters.