United States: Biden's dismissal to stop duties on 1/2 billion 'Made in Italy' agri-food exports

Published 2021년 1월 20일

Tridge summary

The election of Joe Biden as the new US president presents a opportunity to lift additional duties affecting Made in Italy agri-food exports, worth about half a billion euros, according to Ettore Prandini, President of Coldiretti. These duties were initiated during the Trump administration in October 2019 due to the aeronautical sector dispute involving Boeing and Airbus, leading to a reciprocal imposition of tariffs on a variety of goods from both sides. Prandini stresses the importance of starting a constructive dialogue to prevent an escalation that could negatively impact the economy and relations between allied countries, especially during the pandemic. The US is a significant market for Italian agri-food products, with exports valued at 4.7 billion in 2019, seeing a 5.2% increase in the first eleven months of 2020.

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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. Since then, there ...

Source: Coldiretti