US Tariff Exposure
US Tariffs on Spain
Updated August 2026 · source: USTR Section 301 & Federal Register
Spain is the world's largest olive oil producer. A 20% tariff means higher prices for Spanish olive oil, Rioja wine, and shoes. Since olive oil prices were already elevated, this adds further pressure at the grocery store.
Spain tariff rates by sector
| Sector | US tariff rate | Source |
|---|---|---|
| Olive Oil | 20% | USTR / official |
| Wine | 20% | USTR / official |
| Footwear | 20% | USTR / official |
| Olive Oil | 20% | USTR / official |
| Wine | 20% | USTR / official |
Spain trade & debt exposure to the US
- U.S. Treasury Holdings $18.3B Moderate holdings
- Trade Deficit (Annual) $8.2B 2024 goods trade deficit
Spain tariffs — FAQ
What is the US tariff rate on Spain?
Spain faces an effective US tariff of 20%, with Olive Oil seeing the highest sector rate at 20%. Rates are drawn from USTR Section 301 schedules and recent Federal Register actions.
Which Spain sectors are hit hardest by US tariffs?
Olive Oil (20%), Wine (20%), Footwear (20%).
What does Spain's tariff impact score mean?
33/100 — FinBrio's impact score combines the headline tariff rate, how many sectors are affected, and the country's trade exposure to the US into a single 0–100 measure of how hard US trade policy hits it.
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