Last updated: 2026-01-02 15:14:54 ET
The Trump administration is said to be backing down from punishing duties of more than 90% after a government review spared major Italian exporters.
Steep U.S. import duties targeting 13 Italian pasta makers will be sharply reduced, Italy's foreign ministry said on Jan. 1.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Effects on inflation and employment have not been as bad as feared – but could still materialise with full force in 2026When Donald Trump took offic...
The country’s exports to the U.S. have surged since President Trump imposed new import duties on every country this year.
