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Spanish PM unveils major aid package to counter U.S. tariff impact

0 Comment(s)Print E-mail Xinhua, April 3, 2025
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MADRID, April 3 (Xinhua) -- Spanish Prime Minister Pedro Sanchez on Thursday announced a package of measures worth 14.1 billion euros (15.6 billion U.S. dollars) to counter the impact of the 20 percent tariffs imposed on European Union (EU) goods by U.S. President Donald Trump.

Sanchez emphasized that "our values are not for sale," describing the measures as both an "immediate safety net" and a strategy to relaunch affected sectors. "They will focus on reorienting our productive capacity and relaunching our economy in the new global context," he said.

The Spanish leader called for unity within the bloc. "If we want to overcome this challenge, we must all work together," Sanchez said.

Economy Minister Carlos Cuerpo called the tariffs "unfair" and "unjustified," warning that American citizens and companies would be the first to feel their impact. Over time, he said, they would contribute to a more fragmented and poorer world.

Cuerpo expressed hope for a "negotiated solution" but warned that Spain would be prepared to "respond" if there was no room for dialogue.

Alberto Nunez Feijoo, leader of the main opposition People's Party, said the U.S. tariffs had set the world back "a century in economic relations and decades in international relations." (1 euro = 1.11 U.S. dollar) Enditem

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