The Spanish Prime Minister, Pedro Sánchez, has announced a €14.1 billion support plan for sectors affected by the tariffs imposed by US President Donald Trump. Speaking on April 3, 2025, Sánchez criticized the unilateral increase in US tariffs as an attack on the bond between the United States and the European Union, stating that it is not a smart way to address current challenges. He described the measure as a return to ’19th-century protectionism,’ which he believes is not suitable for addressing 21st-century challenges in an interconnected world. Sánchez also challenged the data presented by Trump, arguing that the EU imposes duties of around 3%, contrary to the 39% claimed by the US President. Spain’s leader called on the EU to respond proportionally and with unity. The announcement of these tariffs has sparked concerns among European economic circles, including Spain, despite being less exposed than some neighbors. To aid impacted sectors, particularly agriculture, Sánchez unveiled a support plan worth €14.1 billion, partly funded by the EU Recovery Fund post-COVID-19. The plan includes financial mechanisms to help businesses retain jobs until they can return to normal operations. Additionally, Sánchez plans to request the EU establish a fund financed by increased tariffs on US imports as a countermeasure.
Spain Unveils €14.1 Billion Plan to Counter US Tariffs
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