Source: European Parliament
The Trump administration is preparing to impose excessive import duties on European olive oil and table olives as part of ‘retaliation’ against the European Union, even though the United States suffers from a shortfall in these products and its domestic production cannot meet current needs, since it only meets 5% of demand.
Such an action will trigger a major hike the price of imported olive oil and may lead many consumers to choose other products that do not have the health-giving properties of olive oil.
The imposition by the US of such duties will severely affect European olive oil and table olive producers who export to the United States, and may even undermine their economic viability.
In view of the above, will the Commission say:
Is it aware of the Trump administration’s intention in this regard?
What action will it take to protect European olive oil and table olive producers who export to the United States?