Spain unveils 14.1 billion euro plan to protect economy from U.S. tariffs
In the face of economic storm, Spain rallies to protect its future
US President Donald Trump speaks during a tariff announcement in the Rose Garden of the White House in Washington, DC. | KENT NISHIMURA / POOL
Madrid03/04/2025 13:54
The Spanish government will implement a 14.1-billion-euro ($15.66 billion) plan to cushion the impact of the new U.S. tariffs on the Spanish economy, Prime Minister Pedro Sanchez said on Thursday. The package will include 7.4 billion euros in new financing, and the rest will come from existing instruments such as soft loans, Sanchez said.
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The maths are simple, whatever tariffs the EU charges the US, the US charges the EU. For those who still don’t understand, if the EU wish to continue with Zero tariffs while supplying to the US, then reduce the tariffs you charge to zero too. It’s called FREE TRADE.
David HollandThey're all at it. Corporations and their politician cheerleaders are the first to lecture poor people about welfare, but they don't want anyone talking about corporate welfare.
Zoltan TeglasWell airbus hardly is hardly without sin. As for subsidies the CAP distorts agricultural prices and crushes 3rd world production, undermining local production . Those without sin cast the first stone.
Borrow BORROW until there is no Tomorrow this will leave a BILL for the next generation to PAY which will be enormous interest rate´s will sky rocket and anyone who owe´s $$$$$$$ will owe more have less to spend and face a future of Debt and not being really ever able to pay what they owe .
This would actually make products cheaper domestically (increase supply relative to demand). However, creating more money (even via loans) and handing it out without productivity is inflationary. Not an economically wise way to respond, but these industries must have a big voice.
David Holland'illegal state support subsidies' Like the US giving billions to Boing, Elon Musk etc ?
America is saying, "The Party is Over". The message seemingly not received via NATO 6 years ago, "pay your way". This has been on the cards for a long time, why does everyone seem surprised. Russia has been squeezed like a lemon by the US, not by EU with sanction breaking. Duh!
So is that financed by tax rise or borrowing. And maybe it’s illegal state support subsidies. Either way if the USA stops buying and sales cannot be redirected well you can’t keep producing. Even Keynesian economics doesn’t support that theory.
All of the US allies are hit with tariffs including the Ukraine. But nothing for Russia. Is Trump a Russia asset??