Olive Tariffs: Making Martinis Costlier

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As we have previously discussed on DrinksReform, tariffs are hurting American drinkers. This time, harm comes in the form of martinis. Per The Inquirer, The Trade Commission decided to put a tariff on Spanish olives after finding that they allegedly hurt American producers:

The U.S. International Trade Commission will impose antidumping duties of as much as 25.5 percent on Spanish olives after finding that the imports hurt American producers. Antisubsidy duties of 27.02 percent will also be levied.

The ruling may help American producers that asked for the duties to be imposed, including members of the trade group Coalition for Fair Trade in Ripe Olives, according to Bloomberg Law.

But the European Commission has said it will defend the interests of Spanish olive producers, who sent an estimated $67.6 million worth of their product to the U.S. in 2017, according to the Commerce Department.

See the whole article here.