The EU-US agreement saves 1/2 billion of Made in Italy at the table

Published 2021년 3월 5일

Tridge summary

The European Union and the USA have reached an agreement under President Joe Biden's administration, leading to the cessation of additional US duties on Italian agri-food exports worth approximately half a billion euros. These taxes had affected products such as various cheeses, meats, seafood, beverages, and liqueurs. This development is significant as it marks the suspension of tariffs in the Airbus-Boeing disputes, covering both aircraft and non-aircraft products for an initial period of four months. The move is seen as a positive step towards improving Italian-US relations, following a series of escalating tariffs initiated during the Trump presidency that impacted a wide range of goods from both sides.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From the European Union agreement with the USA of the new US president Joe Biden comes the stop to the additional US duties that affect Made in Italy agri-food exports for a value of about half a billion euros on products such as Grana Padano, Gorgonzola, Asiago, Fontina, Provolone but also salami, mortadella, crustaceans, citrus molluscs, juices, cordials and liqueurs such as bitters and limoncello. Coldiretti states the reference to the announcement by the President of the European Commission Ursula von der Leyen of the agreement with US President Joe Biden for the suspension of all tariffs relating to the Airbus-Boeing disputes on aircraft and non-aircraft products for a initial period of 4 months. In order to favor the resumption of relations from Italy to the White House, as a gift to the new President of the United States of America, a form of Grana Padano Riserva aged over 20 months of about 40 kilos painted to half with the Italian tricolor and the other half with stars ...

Source: Coldiretti