Black Olives at Center of Trade Dispute With Europe

Black Olives at Center of Trade Dispute With Europe

Assessment

Interactive Video

Business

University

Hard

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The video discusses the tariff battle involving Spanish black olives, which are a significant export for Spain. Despite not being as high-profile as other tariff-affected goods, the 35% tariff imposed by President Trump in August has severely impacted Spanish olive exports to the US, their largest market. Spain is contesting the tariffs at the WTO, but the process is lengthy. In response, a Spanish olive co-op has invested in a California company to potentially bypass tariffs by processing olives in the US.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How much of the world's crop of table olives does Spain export annually?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage tariff did President Trump impose on Spanish olives?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the tariffs on Spain's biggest market for olives?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What action is Spain taking against the tariffs imposed on their olives?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategy might some olive growers use to avoid tariffs?

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