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Bank of Spain Warns of Potential Economic Impact From U.S. Tariffs

Summary by The Star Kuala Lumpur
MADRID, May 20 (Xinhua) -- The Bank of Spain has warned that recently imposed U.S. tariffs may weigh on the country's economic growth, although the overall impact is expected to be limited. Read full story

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The Spanish economy faces challenges due to the trade war and the lack of manpower Read more Impact of the trade war on the Spanish economy and the labor market in Actualidad.es.

Loans and support for businesses affected by the increase in tariffs Immediate actions: information and commercial intelligence Medium- and long-term measures for businesses: branding and growth The Ministry of Economy, Commerce and Enterprise launched this week an action plan to strengthen Spanish self-employed and companies that export and have been directly or indirectly affected by the increase in tariffs.During the presentation of the Plan,…

The effective tariff that Spain supports in exports to the US has increased from 3% in 2023 to 12% today and could reach 18% MADRID, 20 (EUROPA PRESS) The Banco de España has calculated that the tariff conflict would have an impact of at least three tenths for the Spanish Gross Domestic Product (GDP) in [...] The entry Banco de España calculates an impact of at least 3 tenths on GDP in the face of the most adverse tariff scenario appears first i…

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Business Insider (Spain) broke the news in on Tuesday, May 20, 2025.
Sources are mostly out of (0)