The tariffs being proposed by Donald Trump could have repercussions for holidaying Brits. (Image: Getty)
Majorca and Ibiza could see including olive oil, cheese and wine if follows through on his threat to impose hefty tariffs against countries in the EU.
The threat of new tariffs continues to loom large for , whom Trump has decided are not doing their part in terms of trade.
The Balearic Islands group is considered a member of the 27-nation bloc as an autonomous province in Spain, and it primarily produces agricultural goods, including olive oil, citrus fruits, and wine.
It also exports more goods to the United States than any other trading partner outside of Europe, with the new administration taking 3% of the archipelago’s exports – just under the amount sent to the UK.
The local newspaper, the Majorca Daily Bulletin, warned that waging a trade war on Europe could have serious consequences for the island group’s economy. It suggested that food prices could rise for locals and tourists alike if new tariffs were imposed.
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Majorca is already struggling with visitor numbers amid anti-tourism protests. (Image: Getty)
The President’s previous stint in the White House ushered in a crisis for Spain’s olive oil industry after he slapped high taxes on the country’s black olive imports in 2017, citing harm to US producers from EU subsidies for Spanish olive producers through the Common Agricultural Policy (CAP), reports.
Olive oil exports to America raked in around £53 million ($67 million) before the tariffs of between 30% and 44% came into effect. The export’s worth dropped to just over £15 million ($20 million) in 2022. The high tariffs were dropped in 2021 after the US government was found acting in breach of World Trade Organisation rules.
The threat of fresh taxation comes amid calls from Spanish Economy Minister Carlos Cuerpo for the EU not to be naive in the face of Mr Trump’s threats. This week, he proposed tariffs of up to 25% on Mexico, Canada, and China—the country’s three biggest trading partners.
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Speaking after Mr Trump said tariffs on trade with the EU would “definitely happen”, Mr Cuerpo told the Spanish radio station RNE that while the bloc was keen to emphasise the benefits of a global market, it also needed to ensure a “unified European response” and avoid “naivety”.
Majorca has been forced to battle over the last few months for the first time since the Balearics became one of Britain’s best-loved holiday destinations in the early 20th century.
Experts warned that Brits were being put off heading to Majorca and Ibiza amid anti-visitor demonstrations and a higher come into effect between July and August 2025.
Now, renewed hikes on food and service costs spurred by the new tariffs could further deter would-be visitors from spending the summer months in the western Mediterranean.