US Tariffs on Imports from Spain

Spain now faces a 10% Section 122 tariff (effective Feb 24, 2026), down from 20% under the struck-down IEEPA regime. As the world's #1 olive oil producer and a growing exporter of renewable energy equipment, Spain's ~$20B in annual US imports benefit significantly from the 10-point rate reduction — though Section 232 steel/aluminum tariffs of 50% remain unchanged.

Spain is a mid-tier EU exporter to the US, with strengths in agricultural products, vehicles, and industrial goods. As an EU member, Spain is subject to the bloc-wide Section 122 rate and cannot negotiate independently. Spain produces nearly half the world's olive oil and is a top wine exporter by volume. Spanish manufacturing has grown in automotive (SEAT, plants for Volkswagen and Renault), ceramic tiles (Castellon province produces the majority of European tiles), and renewable energy equipment (wind turbines, solar components).

Key Products Imported from Spain

Top imports include olive oil, wine and sherry, vehicles and auto parts, machinery, ceramic tiles, footwear, pharmaceuticals, renewable energy equipment, and cork products. Spain is the world's leading producer of olive oil and a top wine exporter by volume.

Recent Changes

Feb 20, 2026: SCOTUS struck down IEEPA tariffs 6-3 — Spain's rate dropped from 20% to 10% under Section 122 (effective Feb 24, expires ~July 24, 2026). Section 232 steel and aluminum tariffs of 50% remain. Spanish olive oil, which previously faced Airbus-dispute tariffs (since suspended), now benefits from the lower 10% Section 122 rate. Spain's renewable energy equipment exports to the US continue growing, driven by US clean energy incentives. Ceramic tile from Castellon remains competitive at the lower rate. EU retaliatory tariffs on US goods remain in effect but may be revisited.

Tips for Importers

The 10-point tariff reduction significantly improves Spanish olive oil economics — Spain produces ~50% of the world's supply, and few alternatives match its quality and volume. Olive oil now faces 10% Section 122 plus MFN duties (3.4 cents/kg for virgin) instead of the old 20% + MFN. Sherry and Spanish wines are more competitive at 10% versus the old 20%, but still face a disadvantage versus Chilean (FTA duty-free) and Australian (AUSFTA duty-free) wines. Ceramic tile importers should verify HTS classifications carefully — rates vary by tile type and finish. Renewable energy equipment (wind turbine components, solar inverters) may classify under HTS codes with 0% MFN, making the 10% Section 122 the only layer. The Section 122 tariff expires ~July 24, 2026 — plan accordingly.