U.S. Reduces Proposed Tariffs on Italian Pasta

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Source: CNBC
U.S. Reduces Proposed Tariffs on Italian Pasta
Photo: CNBC
TL;DR Summary

Italy announced that the US has significantly reduced proposed tariffs on Italian pasta companies after a review, with tariffs for La Molisana and Garofalo notably lowered, reflecting a recognition of cooperation. The original threat of high tariffs was an embarrassment for Italy, which exports over 4 billion euros worth of pasta annually, with the US market being a significant part.

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