The article discusses the implications of President Trump's escalating trade war with Europe, particularly focusing on Spanish jamón ibérico and olive oil. The introduction of a 20% tariff on Spanish ham exports, later cut to 10%, threatens Spain's €750 million cured ham sector. U.S. market uncertainty complicates long-term planning for producers. The olive oil sector, crucial for Spain as the largest producer, faces risks as U.S. demand grows. The potential increase to 50% tariffs, if negotiations falter, jeopardizes these vital exports, impacting both industries significantly.
The uncertainty complicates our long-term planning, investments and development. These tariffs pose a serious threat to our industry.
If there is a 10% tariff applied uniformly, the impact may be minimal. But if tariffs are applied more heavily to EU countries than to rivals like Turkey or...
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