President of the United States Donald Trump (79) importantly reduced the duties planned on respective Italian pasta producers after a preliminary review. Originally, October, United States United States declared an additional work of 92% on 13 Italian pasta companies, in addition to 15% for most EU imports.
However, it is confusing that individual producers are subject to different tariffs. According to a message by the Italian Ministry of abroad Affairs, the additional tariff for the pasta maker La Molisana was reduced to 2.26%. However, for Garofalo the rate was set at 13,98%. Eleven another producers, which have not been individually controlled, gotta bear a tariff of precisely 9.09%.
The United States accused Italian pasta producers of selling their products on the American marketplace at unfairly low prices. A typical of the U.S. Department of Commerce stated that Italian exporters have addressed a number of concerns raised in the first US assessment. The final decision on the fresh US pasta duties is due on March 12. Italian pasta producers export to the US pasta worth nearly $800 million a year.
Trump cites “national security” considerations
Furthermore, Trump claims that it postpones a year of planned tariff increases for upholstered furniture, kitchen cabinets and bathroom furniture due to ongoing trade negotiations. The White home has announced that it has signed a appropriate proclamation in fresh Year's Eve. This means that the rate of work for certain products in these categories will stay at 25%. The earlier proclamation provided for an increase in customs duties for January 1, 2026.
At the end of September Trump threatened with a rise customs duties for 3 product groups. He planned a 50% surcharge for kitchen cabinets and bathroom furniture. Upholstered furniture would besides be subject to a 30% duty. Many cheaper furniture comes from Southeast Asia.
