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Do Trump's tariffs affect Spanish olive oil?

Debate on whether the new tariffs imposed by the US president will have an impact on one of Spain's star products.

Do Trump's tariffs affect Spanish olive oil?
07/04/2025

The 20% tariffs imposed by former president Donald Trump on European products have generated instability in the markets, concern among companies and workers, and alarm among economists. The German and Italian economies will be the most affected due to their strong trade links with the US, especially in the automotive sector (with a 25% tariff).

Spain, although less directly exposed, will also suffer indirect effects. Its exports to the US, led by electrical and mechanical machinery, could fall by up to 22.1%, which would mean losses of around 900 million euros.

As for Spanish olive oil, the employers' association fears negative effects, but expert Juan Vilar maintains that there will be no real impact. He explains that the price of olive oil has already fallen by 48% on the international market, which more than compensates for the 20% tariff increase, resulting in an even cheaper product for the American consumer.

Spanish red wine, on the other hand, is in a critical situation. Its low profitability, loss of competitiveness and the new tariff make it less attractive to the US market. This especially affects Castilla-La Mancha, the main exporting region, where the vineyard area has already been significantly reduced.

Finally, it is warned that this is only the beginning of a wider trade conflict, with possible reactions from other countries.

Source: Infobae (https://www.infobae.com/espana/2025/04/07/la-voz-no-alarmista-que-critica-el-pesimismo-del-aceite-de-oliva-espanol-los-aranceles-no-le-afectan-en-absoluto/?utm_source=chatgpt.com)