We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: Italian cheesemakers stockpile in US over concern of Trump tariffs
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
Italian cheesemakers stockpile in US over concern of Trump tariffs
The Tycoon Herald > Economy > Italian cheesemakers stockpile in US over concern of Trump tariffs
Economy

Italian cheesemakers stockpile in US over concern of Trump tariffs

Tycoon Herald
By Tycoon Herald 6 Min Read
Share
SHARE

Italian makers of Parmesan cheese, olive oil and different delicacies are racing to ship their wares to the US earlier than president-elect Donald Trump could make good on his risk to impose new tariffs on imports.  

The US imported €4.4bn price of Italian meals, wine and spirits in 2023, however producers in Italy concern American urge for food for his or her merchandise might be curbed by the worth hikes that might possible comply with any new levies.

“Everybody is rushing, putting as much food in their warehouses as they can before [Trump] gets in,” mentioned Michele Buccelletti, whose household enterprise produces olive oil and wine in Tuscany and Umbria.

Nevertheless, such efforts are constrained by a scarcity of cargo house within the run-up to Christmas. “Right now, it’s impossible to find a 20-foot or 40-foot refrigerated container,” Buccelletti mentioned.

Buccelletti mentioned he normally sends 20,000-30,000 litres of additional virgin olive oil to the US two or thrice a yr. However since Trump’s victory, his US importer has been urgent him to extend shipments shortly, and he now goals to have 50,000 litres en route this month.

Filippo Marchi, basic supervisor of Granarolo — a Bologna-based dairy, mentioned the corporate is scrambling to dispatch extra Parmigiano Reggiano and Grana Padano cheese to its personal US subsidiary.

Nevertheless, Marchi expressed concern that manufacturing “bottlenecks” — by way of lengthy maturation time for the cheeses — and scarce transport capability posed severe constraints. “It is not possible to produce a lot in a short period,” he mentioned.

“Until December, it is quite difficult to find extra cargo space,” Marchi mentioned. “Everyone is trying to do the same thing.”

Granarolo is trying to safe extra warehouse house to carry the additional inventory by late February, when it expects tariffs could possibly be imposed. But Marchi nonetheless hopes Trump might rethink his tariff plan, particularly on meals.

“You have to think about the availability of products on supermarket shelves,” he mentioned.

Luigi Pio Scordamaglia, director of worldwide affairs at Coldiretti — Italy’s influential farming affiliation, mentioned some stockpiling might have begun even earlier than Trump’s win, as producers had been hedging for this consequence.

Italy’s meals and wine exports to the US had been 19.5 per cent larger within the first half of 2024 than over the identical interval final yr. In complete, Italian agrifood exports to the US — Rome’s most necessary market outdoors Europe — are forecast to achieve €7.8bn for the yr. 

Although Scordamaglia mentioned new tariffs are anticipated to dampen future progress, he expects the market to stay stable given “strong demand for Italian food in the US”.

Some Italians hope Prime Minister Giorgia Meloni — who has solid a robust friendship with Elon Musk, Trump’s highly effective backer and nominee to move a deregulation division — might be able to safe beneficial therapy for Italy.

Overseas minister Antonio Tajani mentioned this month that Trump had proven a “special regard for Italy, different from other countries” in his first time period, which might assist protect the nation from the tariff blow.

Nevertheless, Meloni admitted this week that “we are all worried about tariffs — this is a fact”. She mentioned that her authorities would have interaction in talks with the Trump administration whereas additionally searching for to spice up Europe’s competitiveness.

Throughout his first time period, Trump levied 25 per cent import duties on numerous European items, together with French wines and Italian cheese, as punishment for European subsidies to aerospace large Airbus.

Although Italian wines had been spared from direct tariffs, Albiera Antinori, president of winemaker Marchesi Antinori, mentioned wineries suffered anyway as US wine merchants hiked costs throughout. “It damaged the whole sector,” she mentioned. “It unsettles the consumer and it unsettles the supply chain.”

Not all Italian winemakers had been speeding to front-load exports, she mentioned, given giant volumes of crimson wine already within the US. “Each one is going to be looking at their own stocks and their own availability of wine,” Antinori mentioned.

Beneficial

Italian cheesemakers stockpile in US over concern of Trump tariffs

Francesco Mutti, chief government of Mutti — the most important Italian tomato merchandise maker within the US market, additionally warned that front-loading exports may be dangerous, given the price of capital and additional storage, which can not repay if Trump’s tariff risk doesn’t materialise — or if charges find yourself decrease than predicted.

Massimiliano Giansanti, president of Confagricoltura — which represents Italy’s largest agribusinesses, mentioned any export surge would possible be adopted by a slowdown. Many producers additionally concern that if the costs of genuine Italian merchandise rise, some American customers will swap to cheaper home substitutes.

“The big risk of duties is that fake products restart on the market: Italian-sounding, not Italian, he said. “Some American consumers are going to choose the products that cost less.” 

You Might Also Like

UK financial system shed jobs for fifth consecutive month in June

Donald Trump’s escalating assaults on Federal Reserve unnerve traders

Ought to China undertake a zero rate of interest?

China’s Belt and Highway funding and building exercise hits report

FirstFT: Donald Trump floats firing Fed’s Jay Powell

TAGGED:cheesemakersfearItalianstockpiletariffsTrump
Share This Article
Facebook Twitter Email Copy Link Print
World Matchplay 2025: Luke Littler beats James Wade to win Phil Taylor Trophy and full Triple Crown in Blackpool
Sports

World Matchplay 2025: Luke Littler beats James Wade to win Phil Taylor Trophy and full Triple Crown in Blackpool

Luke Littler claimed his maiden Betfred World Matchplay ultimate and accomplished the ‘Triple Crown’ with a 18-13 victory over James Wade in Blackpool. Littler fired a 107.24 common and posted…

By Tycoon Herald 2 Min Read
Belle-A Walker Sizzling Pictures to Kick Off Her twenty third Birthday
July 27, 2025
England vs India: Shubman Gill’s facet safe ‘astounding’ draw however might Ben Stokes’ workforce have completed extra?
July 27, 2025
Nick Hogan Calls Dad Hulk ‘Hero’ and ‘Finest Buddy’ in Touching Tribute
July 27, 2025
Trump lowers EU tariff to fifteen% after assembly with von der Leyen in Scotland
July 27, 2025

You Might Also Like

US set to ban Chinese language know-how in submarine cables
Economy

US set to ban Chinese language know-how in submarine cables

By Tycoon Herald 5 Min Read
US corporations in China decry overproduction as value conflict hits earnings
Economy

US corporations in China decry overproduction as value conflict hits earnings

By Tycoon Herald 5 Min Read
Buyers rage over Vietnam’s alleged breach of energy contracts
Economy

Buyers rage over Vietnam’s alleged breach of energy contracts

By Tycoon Herald 7 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
BusinessEntertainment

Rapper Drakeo The Ruler Dead After Backstage Stabbing At Concert

ToplineRapper Drakeo the Ruler died late Saturday after being stabbed in a backstage altercation at the…

By Tycoon Herald
Sports

Denver Broncos 7-31 Buffalo Payments: Josh Allen leads Payments previous Broncos to arrange Lamar Jackson and Baltimore Ravens showdown

Josh Allen and the Buffalo Payments stored their Tremendous Bowl dream alive as they beat the…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?