Spain’s reaction to tariffs: Pedro Sánchez accused Donald Trump of lying and applying protectionism that lags behind

“It’s not true that the European Union applies 39 percent tariffs to the United States. It’s not true,” the government president said. “In fact, if we look at the figures correctly, the European Union only applies tariffs around 3 percent, depending on the cases,” he said.

This is how the President of the United States, Donald Trump, and his economic advisors, have drawn up the list of tariffs that the first world power charges from today to Spain, because it is within the European Union, and to the rest of the world: an additional rate of 20% and, according to their estimates, falls short. Because the White House estimates that the EU has already applied trade barriers that taxed up to 39% imports of American pro…

Can the EU afford counter-tariff duties, or should one rather venture to use a well illustrated attempt at explanation to convince Mr Trump of the untenability of his claim of 39% EU-tariff against the US? Does Donald Trump knowingly claim false facts, or is he simply ill-informed? The European Commission estimates the average rate of duty until [...] The post-tariff lie net: What's the next threat of counter-tariff tariffs? appeared first on fi…

In a recent economic meeting, Antonio Huertas, president of Mapfre, highlighted Spain’s privileged position as a destination for investment and export, even in the face of the challenges imposed by US tariff policy. Impact of US trade policy and Mapfre’s resilience strategies During his intervention at the ‘Wake Up Spain 2025’ event, Huertas criticized the tariff measures of the Donald Trump administration and discussed their possible repercussi…

The Union of Steel Companies (UNESID), the employer of Spanish steel companies, has warned the president of the government, Pedro Sánchez, of "a potential climate collapse" that would also "severely affect the stability of the national industry" following the tariffs imposed by the president of the United States (USA), Donald Trump, on all countries of the world. According to the organization to OKDIARIO, the material that countries like China o…

Former Prime Minister José Luis Rodríguez Zapatero highlighted this Thursday "the swift reaction" of Pedro Sánchez's administration following the announcement of tariffs decreed by US President Donald Trump. In his opinion, the government "has done its homework" by creating a "support cushion" that will be "very important" for the Spanish economy. He also emphasized the work Sánchez is doing in the European Union's response to the latest protect…