Pedro Sánchez has appeared before the media to detail part of the response plan to the new tariffs of Donald Trumpwith up to 20% for products from the European Union and 25% to the automobile sector. As soon as I started, the president has loaded against Trump’s policy: “Despite the undeniable benefits of the European link with the US, the administration has decided Unilaterally attack this link, deploying unprecedented tariffs“
“Trump’s statement is contrary to the truth, it is not true that the EU applies those tariffs to the US. They are not reciprocal tariff A commercial war that “will affect everyone, but more who has started it.”
Therefore, He has asked Trump to “reconsider” and feel “at the table” of an EU who has the “hand laid”. “The American people are an allied people, but it does not mean that we are going to stay with crossed arms,” he said, to which he added that Europe “must react defending their interests with proportionality, unity and with the strength of belonging to an extraordinary commercial block.”
The government response plan before Trump’s tariffs
Sanchez has placed a future appearance of Úrsula von der Leyen To detail the EU response plan before Trump’s policy, although he has assured that this “tariff attack” of the US, which “It goes against everyone and against everything”you will find a response from the Executive. “The government will not wait to see what happens, we will respond in advance to be prepared,” he said, and then say that European measures will enter into force the next days and weeks “if negotiations with the US fail.”
14.1 billion against new tariffs
Thus, the President has announced that a commercial response and relaunch plan will be displayed from “today” to “mitigate the negative impacts of the commercial war initiated by Trump” and weave thus “a shield that protects our economy.” In total, they will go to this plan 14,100 million euros, of which 7,400 will be new financing and 6,700 for existing instruments that drive different measures In two great pillars.
Help and protect companies and the most affected employment
- Two lines of guarantees and intermediate financing ICO endowed with 6,000 million to facilitate access to financing and meet their needs.
- Impulse of a Industrial Investment Support Fund productive
- 200 million for loans and participation in capital To install new productive plants.
- Execution of the new Moves Plan, with 400 million stimulus for the automobile sector.
Measures for workers
There will be a dialogue table with social agents for monitoring the situation and Carlos body immediately summons the Sector Conferencein addition to carrying out consultations with parliamentary groups to share information and account for all measures.
The Red mechanism to allow the most beaten and recovering company templates to be maintained, from Similar to ERTE during pandemic and other crises.
Reorient productive capacity
The second great pilar announced by Sánchez, which recanates 5,000 million of the resilience plan for those Companies that are reduced by the “tariff shock”.
Sanchez undertakes the government to help companies find new markets and expand their exports, with 2,000 million in insurance and export coverage credits500 for the Internationalization of SMEs and a plan that helps affected sectors strengthen your position in the United States: “We want to keep our presence there.”
To articulate all measures, according to Sanchez, a Interministerial commission that will preside over Carlos body. “The dialogue will be fundamental, maximize the results of the effort,” said Sánchez, which has asked the European Commission for other “urgency” measures, such as the activation of a special framework of state aid, with more flexibility to support measures, the creation of an assistance fund to affected sectors financed by the collection of community tariff EU and Mercosur.
“The situation is difficult, Trump’s decision is lousy for the world, it is also for the US, for Europe and Spain,” Sánchez has settled.
