The olive oil export industry believes that the tariff will "distort" the market.

The Spanish Association of Olive Oil Exporting Industry and Trade (Asoliva) has lamented the agreement between the EU and the United States to establish a general tariff of 15% as it represents a "distortion" of the international market to the detriment of Europeans. The United States is a strategic market for Spanish olive oil, the organization specified in a statement, in addition to being "irreplaceable" since that country buys a total of 430,000 tons annually, of which 300,000 tons are of Spanish origin. For the deputy director of Asoliva, Rafael Pico, this is "very bad news" for the sector, which has made "great investments" in recent years and which now may result in the "economic deterioration of the entire chain" of the sector. In general, the American consumer "is very aware" of the benefits of olive oil and "has always been willing to pay a little more for a product like this," the official detailed. However, it is likely that the increase in prices for Spanish products ...