US authorities are launching a dumping investigation on Spanish olive imports to the United States, alleging unfair subsidies policy El Pais reports.
Spanish olive exports to the United States were valued at €61 million in 2016, while Spain is currently rolling out a major promotional campaign. However, local Californian producers are accusing Spain of subsidizing exports to gain competitive advantage.
The US Commerce Secretary Wilbur Ross announced that his office will be conducting “a full and fair assessment of the facts.” The results of the preliminary investigation are expected on August 7. If the investigation finds the allegations are founded, Spain faces the prospect of a punitive import-duty on olive exports.
Spain’s trade relations with the US are also said to be affected by the cancellation of a contract between the Spanish celebrity chef José Andrés and the Trump organization, for the setting up of a five-star gourmet restaurant in Washington D.C. Andrés was also a central figure in the olive exports campaign.