Spain on Thursday was one of the few major economies to offer up a concrete solution to help weather the impact of new U.S. tariffs, offering its companies a financial package of loans and direct aid worth 14.1 billion euros ($15.66 billion).
Spain, which like other European Union members was hit by U.S. tariffs of 20% imposed on imports from the bloc, is the world's top exporter of olive oil and sells important quantities of auto parts, steel and chemicals to the United States.
Sanchez described Trump's actions as "terrible news for the world", "unintelligent" and "a return to 19th-century protectionism". "This tariff attack by the U.S. administration makes no distinction between friends and enemies, it doesn't discriminate based on ideology or trade balance; it's against everyone and everything," he said. Sanchez also stressed Europe's need to find new trading partners elsewhere.
Spain, which like other European Union members was hit by U.S. tariffs of 20% imposed on imports from the bloc, is the world's top exporter of olive oil and sells important quantities of auto parts, steel and chemicals to the United States.
Sanchez described Trump's actions as "terrible news for the world", "unintelligent" and "a return to 19th-century protectionism". "This tariff attack by the U.S. administration makes no distinction between friends and enemies, it doesn't discriminate based on ideology or trade balance; it's against everyone and everything," he said. Sanchez also stressed Europe's need to find new trading partners elsewhere.
19 hours ago
