News

Olives pitting US against EU in global trade fight

Olives - Getty Images

A trade battle is leaving a bitter taste in the mouths of Spain’s olive growers.

Tariffs levied against them by the US last year have cost the industry $27m (£20.8m) and are likely to have lasting effects on Spain’s olive-growing regions.

Newsletter sign up

Antonio De Mora, general-secretary for Spain’s Association of Table Olive Producers and Exporters (ASEMESA), says olive farming is a vital industry for Andalusia and nearby regions where there are few alternatives for jobs.

“The harvest of black olives has been greatly reduced as a result of the decrease in demand,” he says.

It is impossible to replace such an important market as the US in the short and medium term.

In June 2018 the US imposed tariffs on black olives from Spain, which it said were being sold below market value. It placed tariffs of up to 25.5% to counteract the alleged dumping and an additional duty of up to 27.02% to counter what Washington deemed were unfair subsidies from the European Union.

Read More

Are you enjoying the article? Join our community for even more!

 

Click Here

Related posts

Gas prices may fall below $2 at ‘thousands’ of stations amid trade uncertainty

Camila Coutinho

A 100-year-old company will be the first US business to export rice to China

Camila Coutinho

The trade war is coming at a terrible time for Boeing

Camila Coutinho

Leave a Comment