US cuts proposed levies to between 2% and 14% despite accusing Italian producers of selling at unfairly low prices
The US government has slashed proposed tariffs on Italian pasta that would have almost doubled the cost of many brands for shoppers.
Donald Trump had threatened to impose tariffs as high as 92% on Italian pasta companies, after accusing 13 producers including Barilla, La Molisana and Pastificio Lucio Garofalo of selling their products at unfairly low prices.
Italy is estimated to be responsible for $770m-worth (approximately £570m) of annual pasta sales to the US.
On Thursday, Italy’s government said the US Department of Commerce (DoC) had reviewed the proposed tariffs and reduced them to a range of between 2% and 14%.
