The WTO authorizes the EU to impose retaliation on the US for the tariffs on Spanish black olive

An arbitration panel of the World Trade Organization (WTO) has authorized today -October 29- the European Union to impose on the United States retaliations worth 13.64 million dollars (11.7 million euros) for failing to comply with previous decisions against its tariffs on black olives imported from Spain. In this new decision of a case that has already lasted eight years, the arbitration indicates that the United States has not complied with the previous ruling of June 14, 2023, which stated that the tariffs did not comply with the organization's trade regulations and needed to be corrected. The agreed amount is less than what the EU had requested, which had announced in November 2024 its intention to impose countermeasures worth about 35 million dollars (30 million euros), which it later reduced to 30.5 million dollars (26.1 million euros). The tariffs that the EU can impose on imports from the United States can be adjusted according to inflation, according to the arbitration ...