Spanish Olive Oil Producers Look to China Amid U.S. Tariffs 🛢️🌍
Hey there! Did you know that Spain produces almost half of the world’s olive oil? 🫒 That’s a lot of olive oil! But recently, things have been a bit tough for Spanish olive oil producers.
The U.S. government introduced new tariff policies that have made it harder for Spain to sell olive oil in the United States. Tariffs are extra taxes on products from other countries, and they can make things more expensive.
But the Spanish olive oil industry isn’t giving up! They’re now looking to the Chinese mainland as a new market to share their delicious olive oil. China is a huge country with lots of people who might enjoy cooking with olive oil.
Rafael Pico Acevedo, the deputy director of the Spanish Olive Oil Exporters Association, said that China is a very important market for them and a big focus for the future. 🇨🇳
So, even though there are challenges, the Spanish olive oil industry is optimistic and excited about sharing their olive oil with new friends in China! Isn’t that cool? 🌟
Reference(s):
Spanish olive oil merchant is optimistic about the Chinese market
cgtn.com
