US slashes proposed tariffs on Italian pasta imports

The plan to impose steep tariffs on 13 producers could have seen major price rises for US consumers.

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The move could have resulted in American importers being taxed at a rate greater than the value of the actual pasta itself, and prices rising sharply for US consumers.

But on Thursday, the Italian foreign ministry said the proposed rate had now been drastically cut back.

In a statement of its own, the US said the 13 firms had addressed many of its concerns. It previously accused the companies of selling their products at unfairly low prices and threatened tariffs of almost 92%.

Tariffs are a type of tax paid by a consumer who imports a product.