All the news from the United States on duties for European products. Because Italy can be satisfied, like Greece and Great Britain, while France and Germany…
Good news for the Italian excellences of the table, in fact extraneous to the US-EU dispute over the Airbus affair, over the affair of the American duties. Here are all the details. WHAT THE UNITED STATES HAS DECIDED ON DUTIES
The United States leaves the list of European products subject to duties for illegal aid to Airbus unchanged in value, not implementing the threat to increase them to 100% from the current 15% and 25% and to include another 3.1 billion products in the list, which is worth $ 7.5 billion. WHO WINS AND WHO LOSES
Some products from Greece and Great Britain will now be removed from the duty list, and an equivalent value will be added to France and Germany instead. “Donald Trump yesterday decided to postpone the new tariff crackdown on European goods, limiting himself to revising the contours with a mix that penalizes Germany and France more and removes many Greek and English specialties from the black list of the affected products (but not the Scotch whiskey) ”, commented Repubblica. THE RESULTS FOR ITALY
As for Italy, in the list of the new round of duties imposed by the US administration, pasta, oil and wines do not appear, as was feared. And, in the six-monthly review of the implementing measures of the ruling of the World Trade Organization (WTO), there are not even tariff increases for great cheeses such as Parmigiano Reggiano. Wine, oil and pasta celebrate the narrow escape. They breathe a sigh of relief – without singing victory – cheese, salami and liqueurs. MADE IN ITALY
A great breath of relief for the world of Italian wine and above all an incentive to restart for the entire Made in Italy agri-food sector and the PDO and PGI production chain, heavily penalized in sales on foreign markets by the pandemic and the stall in the catering sector. THE BLACK LIST
However, the cornerstones of the Italian aperitif remain on the black list, but today’s good result revitalizes the sector which is once again asking for a zeroing of penalties. WINE DOSSIER
According to the customs-based processing of the Wine Observatory of the Unione Italiana Vini (UIV), the United States represents the first wine buyer in the world and Italy is once again the first supplier country. The value of sales of made in Italy wine on the US market in the first half of this year, according to Uiv data, is close to 1 billion dollars, growing both in volume (+ 2.9%) and in value (+1.8 %) on the same period of 2019. ITALIAN PLAUSO
Hence the relief and satisfaction of the Italian wine sector starting from the large Tuscan districts of Montalcino, Montepulciano and Chianti that see a starting point in the US commercial choices. ANALYSIS AND SCENARIO
Repubblica commented: “The time schedule of the US president provided for a tightening in these days in the event of no agreement, bringing sanctions on already taxed goods from 25 to 40% and imposing new duties on other food categories such as oil, wine and pasta. . But Trump – in the light of the olive twigs tense from Europe that has begun to review the funding to the aerospace group – has decided to suspend phase two, limiting himself to maintaining the existing duties: Greece (grappling with a very tough tug-of-war with Turkey in the Aegean, with the US on its side) and was rewarded with the cancellation of taxes on feta and other Hellenic specialties; the same has happened for some British-made products – with which the United States is negotiating a post-Brexit trade deal.
