FIAB Warns: 30% US Tariff Endangers EU Food Exports
Sourse: dairynews.today
The Spanish food industry calls for negotiations to avoid losing access to the US market following a proposed 30% tariff on EU products.
The Spanish Federation of Food and Beverage Industries (FIAB) has expressed its rejection and concern over a proposed 30% tariff on European products, set to take effect on August 1st, which threatens Spanish agri-food exports. While diversification of markets is essential, the US remains a strategic market due to its purchasing power and strong position of Spanish products.
The European Union deems the measure "unacceptable" and is preparing countermeasures worth up to €72 billion, keeping dialogue open before resorting to reciprocal tariffs. Other EU agricultural sectors, including French cheese and wine producers, also respond with alarm, warning of potentially "disastrous" consequences for exports worth hundreds of millions of euros annually. In reaction to these tensions, the industry is seeking contingency strategies such as accelerating imports, diversifying suppliers, exploring new destinations, and ensuring stability to sustain global supply chains.
The European Union deems the measure "unacceptable" and is preparing countermeasures worth up to €72 billion, keeping dialogue open before resorting to reciprocal tariffs. Other EU agricultural sectors, including French cheese and wine producers, also respond with alarm, warning of potentially "disastrous" consequences for exports worth hundreds of millions of euros annually. In reaction to these tensions, the industry is seeking contingency strategies such as accelerating imports, diversifying suppliers, exploring new destinations, and ensuring stability to sustain global supply chains.
