Trump’s Olive Branch For Italy Could Help Chianti, Parmesan Exports — Panjiva
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Trump’s Olive Branch For Italy Could Help Chianti, Parmesan Exports

Consumer Staples 756 Italy 61 Tariffs 1787 U.S. 5310

President Trump has held up the prospect of “looking very strongly” at reducing the tariff burden faced by Italy from recent aerospace-related retaliatory duties. The Italian government may be keen to secure anything that can boost exports from a lackluster 2.5% drop in 2Q and growth of just 1.9% in July. Total U.S. trade with Italy already reached $80.9 billion in the past 12 months, though the trade imbalance of $33.1 billion means the Italian government will need to increase imports as well as avoid tariffs to boost growth. Italian exports nonetheless face tariffs on $2.89 billion of ...

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