The United States, Italy's third-largest trading partner, has announced new 20% tariffs on European goods, significantly impacting Italian exports.

Key sectors like cheese, olive oil, and tomato products face steep price hikes, threatening their competitiveness in the U.

S. market.

For instance, Parmigiano Reggiano could see retail prices soar to $59 per kilogram.

The Italian cheese industry, which exports nearly double the volume of France to the U.

S., is particularly vulnerable, with $486 million in annual revenue at stake.

Olive oil and tomato products, essential to Italian cuisine, also face challenges, with potential shifts in American consumer habits.

Industry leaders urge diplomatic negotiations to mitigate the economic fallout and preserve Italy's export-driven economy.