How Spanish olive exporters survived Trump tariffs since 2017
Reuters · 23 days ago
Reuters
23 days ago
Spain's black olive exporters, who adapted to survive harsh tariffs from U.S. President Donald Trump's first term, are warning the extra 15% they now face under the European Union's latest trade deal with the U.S. will make it difficult to stay afloat.
Breakdown
- U.S. tariffs imposed in 2017 reduced the number of Spanish black olive exporters from 25 to four. 5s
- Spain's share of the U.S. black olive market dropped from 49% to 19% by 2024. 28s
- Exporters shifted to green olives and diversified into new markets in Europe, the Middle East, and Asia. 1m 8s
- Innovative products, such as stuffed olives, helped Spanish exporters reach new markets. 1m 34s
- The Spanish Ministry of Agriculture estimates nearly $280 million in lost black olive sales since tariffs began. 2m 16s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.