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October 03, 2019Pasta, Italian oil and wine were saved but the ax of US commercial duties against the EU fell on the most iconic Made in Italy cheeses, such as Parmesan and Pecorino, and ham. The tariffs on US imports from the Old Continent, for 7.5 billion dollars, will start from October 18 and will be 10% on commercial aircraft and 25% on other industrial and agricultural goods. On the Italian GDP, the estimated effect is 0.05%.THE LIST OF THE PRODUCTS HIT
The list of affected products was published on the Office's website by the US Trade Representative, Robert Lighthizer, while Foreign Minister Luigi Di Maio asked US Secretary of State Mike Pompeo, visiting Rome, to protect strategic Italian productions. And if the head of the foreign ministry, interviewed by the AI on US duties last week on the sidelines of the UN General Assembly, had said that good relations with Donald Trump would have helped, yesterday he assured that everything would be done "to succeed to defend the Made in Italy, our excellence in the world and to succeed in increasing the export capacity of our companies ". Italy, as Di Maio pointed out in meeting Pompey, is not a member of the Airbus consortium but was nevertheless affected because - argued officials of the US Representative's Office of Commerce - the appeal is against the Union European.