The Spanish olive oil sector is concerned about Trump's victory in the US

Published 2024년 11월 7일

Tridge summary

The return of Donald Trump as the US president has sparked concerns in the olive oil and table olive sector in Spain, as he has proposed tariffs of up to 20% on imported goods. This could potentially increase the cost of olive oil imports for American companies, leading to a decrease in European exports by up to a third. The tariffs could also negatively impact the table olive sector, following a 2017 incident where the US imposed tariffs, resulting in a loss of 70% of the market for the sector. Spanish organizations have expressed worry and caution, highlighting the potential negative effects on the Andalusian sector and the broader Spanish economy, which is a significant exporter of olive oil to the US.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- The return of Donald Trump to the White House has not been good news for the olive oil and table olive sector in our country, as the new US president has already announced his intention to impose general tariffs of up to 20% on imported goods. In the case of olive oil, this would mean making imports more expensive for American companies, which would mean that European exports could fall by up to a third, according to economic forecasts. In the case of table olives, we remember that in 2017, the United States, under the Trump government, already imposed tariffs, which has caused the sector to lose 70% of the market and to stop exporting 260 million euros. Faced with this fact, reactions have not been long in coming and everyone describes Trump's arrival to the presidency of the United States as worrying. The general secretary of the Association of Table Olive Exporters (Asemesa), Antonio de Mora, has admitted to being worried and has stated that "it does not seem to be ...

Source: OliMerca