Rafael Pico, president of the Spanish Olive Oil & Pomace Olive Oil Exporters Association (ASOLIVA), told Xinhua in an interview that the 25 percent US tariff imposed as of Friday on bottled Spanish olive oil means the product will be effectively “expelled” from the US market.
Spain currently exports nearly 200,000 tons of olive oil to the US every year.
Spanish olive oil is sold in large US chain stores such as Walmart where “prices are very important,” Pico pointed out.
If Spanish olive oil is affected while similar products from other countries such as Italy, Greece, Australia, Tunisia, and Morocco are not, these products would surely be much cheaper and more attractive to customers, he said.
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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Petr Pakandl
