EU takes US to WTO to demand compensation over Spanish olive imports

Published Nov 25, 2024

Tridge summary

The European Union has escalated its trade dispute with the United States to the World Trade Organization, seeking $35 million in compensation over tariffs on Spanish olive imports. This action follows the US's objection to the EU's proposed retaliation level. The conflict originated in 2018 when the US imposed tariffs on Spanish olives, alleging they were subsidized and sold below market value. Although the WTO ruled these duties illegal in 2021, the EU contends that the US has not adhered to the ruling, leading to further action and the establishment of a new panel of experts to evaluate the situation.

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Original content

The European Union on Monday took the matter to the World Trade Organization (WTO) to demand compensation from the United States in their ongoing dispute over US tariffs on Spanish olive imports. The request was filed at a meeting of the WTO's Dispute Settlement Body (DSB) and follows the United States challenging "the level of retaliation proposed by the EU ($35 million per year)," a source familiar with the discussions in Geneva said. The measures requested by the EU are intended to "compensate for the US' failure to comply" with a previous DSB ruling "condemning anti-dumping and countervailing duties on ripe olives from Spain," the source said, adding that "a WTO arbitrator will now determine the appropriate level of European countermeasures." At the WTO meeting on Monday, a US representative clarified that "by letter dated November 22, 2024, the United States objected" to the level of retaliation proposed by the EU. Read the file Protectionism: Trump, EU, China... will the ...

Source: Lefigaro