US tariff turmoil makes Spain's flagship foods seek other markets
Published: 6/10/2025

Spain's iconic food products like jamón ibérico and olive oil face challenges due to US trade tariffs, impacting their exports and market competitiveness. The uncertainty around tariffs imposed by President Trump has led companies to seek alternative markets like China. Spanish industries are concerned about potential price increases and loss of market share in the US, especially in the olive oil sector, which is the world's largest producer. Economists warn that varying tariffs between countries could lead to trade distortions and rule-bending, affecting global markets and Spanish producers.