Uncertainty surrounding the evolving situation, as well as additional tariffs threatened by Trump, have halted the growth in value of Italian agri-food exports to the United States, which fell to 0.4% in May, with negative results for all the most exported products, from wine and olive oil to cheese and tomato passata. Coldiretti, the main Italian trade association in the sector, calculated this figure. After experiencing an average 11% increase in value during the first quarter of the year, agri-food exports experienced a 1.3% increase in April (the first month of the application of the additional 10% tariffs), before experiencing a further decline in May. Another aspect is the imposition of new tariffs to existing ones, which disproportionately harm some vital supply chains. Cheese is currently subject to a 25% tariff, processed tomatoes, jams, and preserves are subject to a 22% tariff, wines are subject to a 15% tariff, and filled pasta is subject to a 16% tariff. As a result, export values for some of the country's iconic products declined in May, including extra virgin olive oil (-17%), cheese (-4%) and processed tomatoes (-17%), although wine recovered by 3% compared to April's negative figure.
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