Source: BBC News [UK state media]
“Italian pasta is set to be spared from high-level US tariffs that the Trump administration had threatened against 13 producers. The move could have resulted in American importers being taxed at a rate greater than the value of the actual pasta itself, and prices rising sharply for US consumers. But on Thursday, the Italian foreign ministry said the proposed rate had now been drastically cut back. In a statement of its own, the US said the 13 firms had addressed many of its concerns. It previously accused the companies of selling their products at unfairly low prices and threatened tariffs of almost 92%. Tariffs are a type of tax paid by a consumer who imports a product.” (01/03/26)