“Don’t kill the Italian food”, “Mr Pompeo we are friends”, but also “A present for Trump”. Today, Italian agri-food manufacturers association Coldiretti welcomed U.S. Secretary of State Mike Pompeo during his visit to Italy with Parmigiano Reggiano, Grana Padano, Prosciutto di Parma and San Daniele, extra virgin olive oil, pasta, tomato preserves, Prosecco, Chianti and other wines. The Italian farmers expressed all their concern about the risks of additional tariffs – related to the Boeing-Airbus affair – that could soon affect the typical Italian Food & Beverage products.
ITALY F&B PRODUCTS AT RISK
The International Monetary Fund estimates that two years of trade war between the U.S. and China could cost Europe about 80 billion dollars in lower growth. The bill for Italy could be equal to 5 billion. The data for 2018 say that Italian overall exports to the United States are worth 42 billion.
The black list of Italian agri-food products that could be affected by additional tarriffs includes: wine (1.5 billion euros export value to the USA in 2018), olive oil (436 million euros), pasta (305 million), dairy products (273 million), mineral waters (197 million), cold cuts (117 million), fish (14 million), grape juice (6 million), jellies (5 million), spirits (2.5 million), and citruses (600,000 euros).