India, Jan. 3 -- Pasta is associated with comfort, culture and tradition. It was caught in the machinery of global trade politics for a brief period. Italian Pasta is set to spared from high level of US Tariffs that the Trump administration had threatened against 13 producers. This trade issue was on track to become just another trade dispute.
The dispute began when US authorities accused a group of Italian pasta producers of selling their products in America at unfairly low prices. This practice known in trade law as dumping, can trigger steep penalties if proven. In this case, proposed tariffs climbed as high as 92%. Combined with existing EU import duties, the tax burden would have exceeded the pasta's retail value. For American impor...
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