One of the 13 Italian pasta companies facing whopping 107% tariffs come January is pleading with the Trump administration to axe its plans – which could force the business to double its prices.
An executive with the American branch of Italian pasta giant Rummo told The Post it could only last a month or two without hiking prices – from $3.99 to as high as $7.99 – especially since affected firms will be forced to pay retroactive tariffs covering the past two years.
Italian pasta exporters are regularly accused of “dumping,” or flooding the US market with low-priced pasta to gain an advantage over local businesses.
The feds accused the 13 foreign businesses of being “uncooperative” – allegedly sending over documents with untranslated Italian words – and applied the steep tariff to all the companies in the cohort, which typically face much lower antidumping taxes.
Antidumping tariffs typically penalize companies that sell their products in the US at much lower prices than they do in Italy – effectively selling them below production costs.
Most Italian pasta makers use durum wheat grown in Italy for their products, Donnelly said.
The vast majority of Rummo’s durum wheat comes from Italy. It also buys a small amount from Arizona and Australia.
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