Italian Pasta Tariff Decision Reversed

The Trump Administration has reversed a previous decision and will not impose massive tariffs on Italian pasta. In September, the Commerce Department said 92 percent duties would take effect as soon as January. On Wednesday, the announcement was made that the two biggest Italian pasta exporters will have tariffs of 2.3 percent and just under 14 percent, respectively. Eleven other pasta companies are being levied just over nine percent in tariffs. In addition, these companies are subject to the U.S.’s 15 percent tariff on European Union imports. An antidumping review is continuing with a final report due in March.