“Made in Italy loses 20% in US market as result of tariffs”

Oct 19, 2019 505

A 20% drop in sales of Made in Italy food products hit by US President Donald Trump’s super-tariffs: this is the estimated effect by Coldiretti of the entry into force of the new tariffs on European products up to 7, 5 billion starting today, in the dispute in the aviation sector involving the two manufacturers Boeing (USA) and Airbus (EU), after the go-ahead of the World Trade Organization (WTO). 

From Parmigiano Reggiano to Grana Padano cheese to Gorgonzola but also cold cuts, citrus fruits, juices and liqueurs, in the black list decided by US trade representation (USTR) there are food goods for an export value of about half a billion euros hit by duties add-ons that cause higher consumer prices and a worrying reduction in purchases by US citizens and restaurateurs. 

Read more

SOURCE: http://www.themeditelegraph.com

You may be interested