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US Tariffs and the Parmigiano Rush: Natasha Linhart’s Analysis
4 February 2025
Atlante’s CEO speaks to Corriere di Bologna about the uncertainty surrounding Italian exports and the global market impact
The recent trade tensions between the United States and Europe are putting Italian agri-food exports at risk, with concerns over potential tariff increases on DOP-certified specialties and key Made in Italy products.
The United States has recently overtaken Germany as the leading destination market for Emilia-Romagna’s exports, with an annual value exceeding €10.5 billion, accounting for 12.5% of the region’s total exports. This climate of uncertainty is fueling concerns among businesses, financial market instability, and potential inflationary effects on food prices.
One of the most visible signs of this uncertainty is the rush to stockpile Parmigiano Reggiano, as operators attempt to secure supply before potential tariff increases take effect.
Against this backdrop, Natasha Linhart spoke with Corriere di Bologna, analyzing the impact of U.S. trade measures on Italian exports and the possible repercussions for the global market.
“Overseas, the race to stockpile Parmigiano has already begun”
Natasha Linhart’s full interview with Corriere di Bologna
Corriere di Bologna, February 4, 2025
“It’s not just inflation that concerns us, but also the instability in product availability.”
Atlante, a Casalecchio-based company that partners with major international retailers to distribute food specialties worldwide (latest revenue: €252 million), warns that U.S. tariff increases on European exports will primarily affect consumers.
“The United States is a key market,” explains CEO Natasha Linhart. “Italy exports €4 billion worth of food products and approximately €2.5 billion in beverages, primarily wine, to the U.S. These include DOP-certified specialties such as Parmigiano Reggiano, pasta, tomato-based products, Modena balsamic vinegar, and other typical Italian products.”
Following the 25% tariffs imposed on goods from Canada and Mexico, the effects of a trade war could soon be felt in this sector as well.
“Even the fear of tariffs alone is already having an impact,” warns Linhart. “Operators are rushing to send larger volumes overseas, leading to significant market imbalances. Parmigiano is already becoming scarce in Italy.”
“We are highly concerned about this growing trade friction fueled by the new U.S. administration,” Linhart continues. “It’s not just the inflationary effect that worries us, nor the expected drop in demand for Italian products in the U.S., but also the potential supply chain disruptions. Stability in product flows is a critical factor for the industry’s sustainability.”
Additionally, “there is also the issue of de-dollarization and cryptocurrencies,” Linhart reflects. “These are challenges that Trump cannot ignore. Initially, he threatened 100% tariffs on China, but then reduced them to 60% and later to 10%. While he may take a strong stance against Mexico, he will have to be more diplomatic with Europe. The broader context involves U.S.-EU cooperation and NATO relations.”
Natasha Linhart, interviewed by Corriere di Bologna, discusses the uncertainty surrounding Italian exports and its global market impact, focusing on trade tensions between the U.S. and Europe and the rush to stockpile Parmigiano Reggiano.Atlante and the Future of Made in Italy
Natasha Linhart’s insights highlight the importance of proactive strategies to navigate economic and trade uncertainty. Atlante will continue working alongside producers and distributors, supporting solutions that ensure stability and growth in the global market. Our goal is to facilitate access to international markets, creating tangible opportunities for all industry stakeholders.
