Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Headlines
Published by Global Banking and Finance Review
Posted on August 27, 2025
ROME (Reuters) -Italy said some U.S. customs authorities have requested tariffs above the rate agreed with the European Union on imports such as Grana Padano and Parmigiano Reggiano cheeses, and that it was seeking guarantees the lower figure will be applied.
The United States and European Union last week locked in a framework trade deal reached in July that includes a 15% U.S. tax on most imports from the 27-nation EU.
“Italy has always supported a frank and constructive dialogue with the United States and will continue to do so by insisting on the proper application of the agreement,” Foreign Minister Antonio Tajani said in a statement on Wednesday.
“We will protect our businesses, our workers, and our manufacturing excellence by every means at our disposal.”
The Parmigiano Reggiano Consortium said in a separate statement that some of its exports to the U.S. had been wrongly subjected to extra customs charges.
“The Foreign Ministry has requested guarantees on the correct application of the EU-US agreement on tariffs because a duty exceeding 15% was applied at customs on some batches of Parmigiano Reggiano”, consortium president Nicola Bertinelli said.
The U.S. Embassy press office in Rome did not immediately reply to a request for comment.
Italy has raised the issue with the U.S. Embassy and the European Commission’s Directorate-General for Trade in Brussels, as well as alerting the Italian Embassy in Washington, the foreign ministry added.
(Writing by Francesca Piscioneri; additional reporting by Elisa Anzolin in Milan; editing by Keith Weir and Mark Heinrich)
Dining and Cooking