The Spanish prime minister will meet with Biden on Friday to discuss trade between the two countries.

(European News Agency)

[Financial Channel/Comprehensive Report] Affected by the war between Russia and Ukraine, global food production and prices have become quite unstable. Spanish olive export production has declined due to the 25% tariff imposed on bottled olive oil by former US President Trump. Now Spanish Prime Minister Pedro.

Pedro Sánchez called on current U.S. President Joe Biden to remove the tariffs and reduce trade tensions between the U.S. and the European Union.

Bloomberg reported that sources pointed out that Sanchez has made his first official visit to the White House since he took office in 2018. He and Biden will meet on Friday to discuss the war in Ukraine, bilateral defense cooperation and climate change issues, and call on Biden to cancel former US President Donald Trump. The United States and the European Union have yet to respond to measures to ease trade tensions between the United States and the European Union by imposing tariffs on olive oil.

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In fact, in 2018, after the olive levy was imposed during Trump's tenure, Spain's export tax rate to the United States ranged from 30% to 44%, and Spain also asked the United States to cancel the tariff measure of countervailing duties. After the lawsuit, the World Trade Organization ruled in favor of the EU in 2021, deeming the tariff measure illegal.

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