The U.

S. has announced a 20% tariff on European products, including Spanish olive oil, wine, and ham, sparking concerns across the EU.

Spain, a major exporter of olive oil to the U.

S., faces significant challenges as 40% of its olive oil exports head to the American market.

Experts warn that these tariffs could lead to higher prices for U.

S. consumers and financial strain for Spanish producers.

The EU is considering its response, while negotiations with the U.

S. remain uncertain.

This move follows a history of trade disputes, with fears that additional tariffs could further disrupt global markets.

Spanish officials urge calm, but the economic impact could be far-reaching.