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Article Summary
- The EU has imposed tariffs on Spanish olives in response to alleged subsidies from the Spanish government
- The US has threatened to escalate the trade war by imposing tariffs on EU exports in retaliation
- The Spanish government denies the allegations of subsidies and is appealing the decision
- The tariffs on Spanish olives could have significant economic impact on Spain's olive industry
- The trade tensions between the EU and US are escalating, creating uncertainty for businesses in both regions Tone: Concerned and informative
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EU Seeks Tariff Countermeasures As Spanish Olive Duties Hint At Looming U.S. Trade War
The request was filed at a meeting of the WTO's Dispute Settlement Body (DSB) after Washington challenged "the amount of retaliation proposed by the EU ($35 million annually)".
https://fortune.com/europe/2024/11/26/eu-spanish-o...
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