HomeWorldSpain presented a plan...

Spain presented a plan for economic protection from Trump’s tariffs

Photo: Getty images

The package includes 7.4 billion euros of new financing, and the remaining amount will be obtained thanks to existing tools such as loans preferences.

The Spanish government aims to introduce a plan worth 14.1 billion euros to ease the influence of new US tariffs on the Spanish economy. It was announced on April 3 by Spain’s Prime Minister Pedro Sanchez, Reuters reported.

According to him, the package will include 7.4 billion euros of new financing, and the remaining amount will be obtained thanks to the available tools such as loan preferences.

Sanchez also asked the European Commission to create a funding funding fund from tariffs for imports from the United States, which would increase in response to, as he said, an unfriendly and unreasonable step.

He also turned to the EU with a request to resolve a more flexible approach to providing large -scale internal assistance to affected industries, for example, the automotic industry.

“The tariff of this US administration does not make a difference between friends and enemies, does not deepen against the basis of ideology or trade balance; it is directed against everything and all,” said Spain’s Prime Minister.

According to the Spanish economy minister, Carlos Kurlerpo, Spanish proposals were a “safety net, which in the short term will protect those faced with collapse as a result of a number of tariffs declared by the US president, including a 20 percent tariff for imports from the EU.

Kuerpo added that the European Union is striving for negotiations to avoid a trade war, however, if there is no opportunity for negotiations, there are a need to take response steps.

Remember, on April 2, Trump announced the introduction of major duties to imported goods. He called it America’s “Day of Liberation”.

According to European Commission chairman Ursula Von der Lyan, tariffs have declared US President Donald Trump, “seriously hit the global economy.” The European Union is preparing retaliation measures.

Starmer says how Britain will answer Trump’s new duties

News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...

Blackpink’s Jennie joins the list of ‘best albums of 2025, so far’

Blackpink member Jennie enters the list of 'best albums of 2025, so far' pleasing criticism; look!DIVA! With great influence on the music industry, Rolling Stone magazine shares annually in early June the 66 albums considered by its critics the best of the year so far. Including all...

5 Pixar movies that everyone needs to watch

In addition to Toy Story, who was the studio's first long -term movie; Check out 5 more Pixar animations that everyone needs to watch!How many Pixar movies have you watched? The studio, which emerged independently on February 3, 1986 launching only short films, took an important step...

What films make up the age of Disney’s Renaissance?

Find out what are the films responsible for composing one of the most loved eras by fans of Disney productions: the RenaissanceWith over 100 years of history, Disney is one of the main companies of world entertainment. Over the course of a century, the studio was responsible...