Tariffs and Global Supply Chains

Italy’s foreign ministry says the U.S. Department of Commerce has sharply reduced proposed antidumping duties on 13 Italian pasta makers, cutting rates that were initially as high as 92% to levels as low as 2.26%, on top of existing 15% tariffs on most EU imports. The recalculated tariffs, announced Jan. 1, mean brands including La Molisana will face a 2.26% rate, Pastificio Lucio Garofalo nearly 14%, and 11 other producers 9%, easing a threat of steep price hikes for Italian pasta in U.S. stores and possible withdrawal of some exporters from the U.S. market.