Spain unveils $15.7 billion plan to dull blow from US tariffs

The president of the government of Spain, Pedro Sánchez, said this Thursday that the imposition of tariffs by the United States on exports from countries like Spain constitutes a “unilateral” attack by Donald Trump. In addition, he said that this is not an “intelligent way” to face the current challenges. During a speech from La Moncloa Palace, in Madrid, Sánchez announced a “Commercial Response and Relaunch Plan”, with which he will mobilize 14…

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Spain unveils $15.7 billion plan to dull blow from US tariffs

The Spanish government will provide 14.1 billion euros ($15.66 billion) worth of measures to help its economy weather the impact of the new U.S. tariffs, Prime Minister Pedro Sanchez said on Thursday.

Donald Trump released all his tariff rage on Wednesday night (Spanish time), and the impact will be received by thousands of Spanish companies that export to the United States, and they will now have to review their business strategies, depending on the exposure they have. Brands well known as Cinco Jotas, from the Osborne Group, or the famous Codorníu cava are affected.Osborne Group, for example, with its more than 250 years of history must now…

The Spanish prime minister argued that Europe must respond with a full network of countermeasures, including tariffs and other economic sanctions

'19th-century protectionism': Spanish PM condemns Trumps tariffs, supports economy with €14.1bn

The Spanish Prime Minister, Pedro Sánchez, has described United States of America President, Donald Trump’s Wednesday tariff announcement as “unprecedented” and referred to them as a return to “19th-century protectionism.” This comes as the Spanish government proposed a support package of €14.1 billion to defend its economy from the impact of Trump’s tariffs. Sánchez also said that Europe should deploy a package of counter-tariffs and other meas…