The European Union has agreed to accept United States-imposed tariffs of 15 percent on table olives and olive oil as part of a wider trade deal.
While a political agreement was reached between U.S. President Donald J. Trump and European Commission President Ursula von der Leyen in Scotland, the E.U.’s 27 member states still must ratify the agreement before it comes into force.
The announcement of the political agreement was greeted enthusiastically by Trump, with tepid support coming from European capitals.
The European Union has agreed to accept United States-imposed tariffs of 15 percent on table olives and olive oil as part of a wider trade deal.
While a political agreement was reached between U.S. President Donald J. Trump and European Commission President Ursula von der Leyen in Scotland, the E.U.’s 27 member states still must ratify the agreement before it comes into force.
The announcement of the political agreement was greeted enthusiastically by Trump, with tepid support coming from European capitals.
The European Union has agreed to accept United States-imposed tariffs of 15 percent on table olives and olive oil as part of a wider trade deal, pending ratification by its 27 member states. The deal has sparked backlash from the olive oil sector, with Spain warning of a significant competitive loss compared to other major producers, and Italy estimating a €140 million impact on olive oil exports.
https://www.oliveoiltimes.com/business/north-america/eu-accepts-15-tariffs-on-olive-oil-exports-to-u-s/141274
