US elections, now stop at 1/2 billion duties on Made in Italy agri-food exports

Published 2020년 11월 8일

Tridge summary

The election of Joe Biden as the new US president offers hope for Italian agri-food exports, which have been negatively impacted by additional duties of about half a billion euros due to a dispute involving Boeing and Airbus. These duties were imposed by both the US and EU, and have affected exports of products such as Grana Padano, Gorgonzola, Asiago, Fontina, salami, mortadella, crustaceans, molluscs, citrus fruits, juices, and liqueurs. Ettore Prandini, the president of Coldiretti, has called for a constructive dialogue to avoid a clash and to prevent a snowball effect on the economy and relations between allied countries. The US is the primary extra-European market for Italian agri-food products, with a value of 4.7 billion in 2019, which saw a further increase of 3.8% in the first eight months of 2020.

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

Original content

"There are the conditions to overcome 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, molluscs citrus fruits, juices and liqueurs such as bitters and limoncello ". This is what the President of Coldiretti Ettore Prandini affirms in reference to the election of the new president of the United States Joe Biden. The election of the new US president - underlines Coldiretti - comes just over a year after the entry into force on 18 October 2019 in the USA of an additional 25% tariff on a long list of products imported from Italy and from European Union, on the initiative of Donald Trump in the context of the dispute in the aeronautical sector involving the American Boeing and the European Airbus on which he also intervened in the WTO, authorizing first the US and then the EU to apply duties. "It is now necessary ...

Source: Coldiretti