How do Trump tariffs affect Spain: will prices upload?

Chijioke Obinna

How do Trump tariffs affect Spain: will prices upload?

The president of the United States, Donald Trump, has announced The “reciprocal tariffs” Of those who have spoken so much since his term began on January 20.

Trump announced 20% tariffs on Wednesday for all products from the European Union since April 9, half of what accuses Brussels of taxing US merchandise. In addition, 25% tariffs imposed by the United States have entered into force on the importation of foreign vehicles.

The Spanish Government has been working for some time in the reaction to tariffs, which will go hand in hand with the European Commission. Sanchez will appear today to respond to tariffs.

The chief of the Executive is expected to begin to realize the measures of the National Contingency Plan announced last week during his appearance in the Congress of Deputies, with which he intends to alleviate the effects on the Spanish economy that cause the new Washington rates.

Sanchez has insisted that they will protect the affected sectors and that the EU will respond quickly, provided and united to a commercial war that, remarks, will harm all parties.

In any case, he has emphasized the strength of the European Union, – “the largest commercial block in the world,” according to it is a power and will respond to the United States as such.

Wine, oil or the dairy sector among those affected

At the moment, Spain already supports the 25% tariffs on steel and aluminum Since March, a measure that Trump applied to the entire EU. In addition, another safe tariff is the 25% on cars -Aspaña is the second car manufacturer of the Union- and the pharmaceutical products.

In addition, the US government He has revoked permits and extractions granted to Repsol To export raw from Venezuela. The company must finish its operations before May 27. Therefore, as Spain, through Repsol, he is an importer of oil and gas from Venezuela, Trump will impose a 25% tariff on all products.

Wine and oil are two products that are also likely to be affected. In fact, Trump has threatened to impose A 200% tariff on both productsso no Spanish company could support the consequences.

Another sector that will predictably suffer tariffs is dairy. In 2024, Spain exported 60,000 tons of cheese to the North American country. In addition, more than 3,500 companies sold agricultural and livestock products to the United States. The provinces most affected by these tariffs They will be Barcelona, ​​Valencia, Alicante, Murcia, Sevilla, Córdoba, Cádiz, Málaga and Tarragona because they represent two thirds of total exports.

Chijioke Obinna

I've been passionate about storytelling and journalism since my early days growing up in Lagos. With a background in political science and years of experience in investigative reporting, I aim to bring nuanced perspectives to pressing global issues. Outside of writing, I enjoy exploring Nigeria’s vibrant cultural scene and mentoring young aspiring journalists.