The Mexican president, Claudia Sheinbaum, said Monday that her United States counterpart, Donald Trump, has paused “for a month” the entry into force of the duty 25 % announced to Mexico, after a telephone call in which the Mexican president promised to deploy 10,000 National Guard agents on the common border. Even so, the economic policy of the new president of the The United States shakes everyone.
Here, in Spain, these tariffs could affect the sale of olive oil, wine or drugs. Depending on how hard they are, the impact could mean between 1,000 and 2,000 million euros. We live one of the sweetest moments of export of our olive oil to the United States and that is why from the sector they show great concern about the threat of tariffs. “There are many transit operations, the impact would be capitalized,” explains the manager of Oleoetepa.
In the previous Trump government the presence in the American market of this product 60%collapsed, which means that it would be one of the greatest affected but not the only one. They share concern preserves orb of Pontevedra: “We export to five million to the United States. They had already punished us with some products and now wants to do it with everyone.”
Another of the sectors that would suffer a great impact is that of the industry that warns possible indirect consequences already with China: “If you can access the North American market, other markets will end up flooding other markets and There will be a price war. ”
Although the European Union is not the most exposed, since we take the seventh place in exports to the American continent. 27,000 Spanish companies of sectors such as the pharmacist, construction or car if they would have a direct impact.
This translates into an impact of between 1 billion euros and 2 billion euros in losses. To which the response to those tariffs of the European Union should be added that would make products that we buy like the seeds, gas or oil.
Source: Lasexta
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