Spain faces potential tariffs on agricultural exports to the US, including olive oil, wine, table olives, horticultural products, and frozen molluscs, worth around 3.5 billion euros annually, with olive oil making up 30% of that total. The tariffs, announced by US President Donald Trump, are set to impact key Spanish agricultural exports, leading to increased costs, unfair competition, and requiring the European Union and Spanish Government to develop strategies to mitigate the impact.