Trump puts squeeze on Spanish olive oil producers

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Trump puts squeeze on Spanish olive oil producers
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Farmers had just begun harvesting olives in southern Spain when US President Donald Trump soured the mood with the announcement that Washington would slap hefty tariffs on their produce. "We are really worried," said Carlos Carreira at his 130 hectare (320 acre) olive grove near the town of

1 / 2Thousands of olive growers, many waving olive branches, protested in Madrid on Thursday against the impending tariffsThousands of olive growers, many waving olive branches, protested in Madrid on Thursday against the impending tariffs Antequera - Farmers had just begun harvesting olives in southern Spain when US President Donald Trump soured the mood with the announcement that Washington would slap hefty tariffs on their produce.

"Already last year prices were sometimes so low that they did not cover production costs. If we add to this a sharp rise in the price of our products in the United States, many farms may end up not being viable," Carreira added. At Carreira's farm, a dozen day labourers used machines to shake the olive trees, causing the fruit to fall onto long nets.

The cooperative, which groups 75,000 farmers, is a heavyweight in the sector. In some years it produces more olive oil than all of Italy.

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