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Joined 3 years ago
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Cake day: June 13th, 2023

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  • It started with the U.S. Commerce Department launching what it says was a routine antidumping review, based on allegations Italian pasta makers sold product into the US at below-market prices and undercut local competitors. That has led to a threat of 92% duties, which would come on top of the 15% tariff President Donald Trump’s administration imposed on European exports generally.

    Let me try to understand this - someone please correct any poor assumptions on my part.

    Imported pasta from Italy was cheaper for Americans, so Trump exacted duties to effectively double its cost, thereby making a western food staple significantly more expensive?