Tridge summary
The European Union (EU) has imposed a 25% tariff on several American products including food items like ketchup, cheddar cheese, peanuts, cotton, and potatoes, and goods such as video games, tractors, and children's games. This is in response to the US's authorization of sanctions against the EU following a WTO decision. The tariffs also extend to salmon, nuts, grapefruits, vanilla, wheat, tobacco, cocoa, chocolate, citrus juices, liqueurs, fashion items, spare parts for bicycles, and games for children. The President of Coldiretti, Ettore Prandini, has urged the EU to cease this duty war, particularly impacting European exports of food and drinks, and emphasizes the potential negative economic implications. The US is a significant market for Italian products, with Italian food products alone worth 4.7 billion in 2019.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ketchup, cheddar cheese, peanuts, cotton and American potatoes along with video games and tractors are just some of the Made in the USA products affected by the EU's 25% tariffs. This is what emerges from an analysis by Coldiretti on the black list approved by the EU Council by the Ministers of Commerce on the basis of the WTO decision authorizing the European Union to apply duties for 4 billion dollars to American products and services in relation to US aid. to Boeing after the US was authorized on July 24 last year to apply sanctions for a maximum limit of 7.5 billion dollars to the European Union for the same incident. The immediate entry into force of the new tariffs affects leading US products such as - underlines Coldiretti - salmon, nuts, grapefruits, vanilla, wheat, tobacco, cocoa, chocolate, citrus juices, liqueurs such as vodka and rum, fashion such as bags and wallets, spare parts for bicycles and games for children. "It is necessary to immediately stop the war of ...
Source: Coldiretti
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