The Prime Minister of Spain, Pedro Sánchez, has summoned representatives from industries that may be adversely affected by upcoming tariffs imposed by the United States. A meeting is scheduled for this Thursday, where businesses will hear about the government’s response plan. Prior to this, Sánchez will gather on Wednesday with leaders from the CEOE and Cepyme business associations and trade union secretaries to assess the ongoing geopolitical situation.

The government has expressed cohesive support for sectors impacted by what they deem ‘unjust and unsubstantiated’ US tariffs. The Minister of Economy, Carlos Cuerpo, stated that the European Union has the necessary tools to respond adequately, asserting that they are committed to protecting Spanish industries from any harmful measures.

US President Donald Trump has announced plans to implement reciprocal tariffs, labeling the day as the ‘Day of Liberation.’ The Spanish government, however, has maintained that they favour negotiation over escalating trade disputes, with assurances that they will stand by affected industries, primarily steel, automotive, and wine.

In a parallel development, Foreign Minister José Manuel Albares discussed the bilateral relationship with US Secretary of State Marco Rubio, covering various topics including energy flows and trade ties. This conversation marks a significant connection between the Trump administration and the Spanish government, as they navigate these challenging economic waters.