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107% tariffs on Italian pasta no longer set to take effect

By: Elisabeth Buchwald

The United States Commerce Department is poised to significantly reduce the tariffs set to take effect on over a dozen Italian pasta makers’ products later this year.

Most products from the European Union are already subject to tariffs of at least 15%. The pasta-specific tariffs, initially proposed in October at 92%, would have subject Italian pasta to a total rate of 107%. The newly announced rates would put the levies between 24% and 29%.

Source: https://edition.cnn.com

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