U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.
However, in his presidential election campaign and since taking office on 20 Jan. 2025, Trump has been critical of the EU and has demanded the bloc's cooperation in different manners under the threat of imposing tariffs of between 10 and 20 percent on all imported EU goods.
U.S. duties could nudge the European Union toward protectionist measures and away from free trade.
BARCELONA, Spain — U.S. President Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible ...
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Tourism is booming in Spain, helping the economy rival even healthy US growth. It will also be a buffer against Trump’s tariffs.
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