Value of Spain's Steel, Aluminium Exports to US Seen Taking 10% Hit From Trump Tariffs
"The change in the current trade scheme for aluminium and steel would be detrimental to the productive fabric in aggregate terms," the lobby said in its note, adding that Spain's total cast iron and steel exports to the U.S. reached 944 million euros ($977 million) in 2023.
Which nation ultimately bears the cost of a tariff depends on what that country makes and its pull in the global market.
WASHINGTON—President Trump on Thursday is expected to outline reciprocal tariffs on nations that have imposed levies on U.S.
Put simply, a tariff is a tax placed on the cost of importing or exporting goods by a certain country. A 60% tariff on Chinese imports would therefore be a 60% tax on the cost to import, say, computer ...
The Spanish stock market rose 0.16% on Monday and regained 12,700 points, despite falls in IAG - the parent company of Iberia ...
Officials have made it clear that with jobs and companies dependent on the relationship between the United States and Europe, ...
A top Spanish winemaker is hedging against anticipated tariffs by U.S. President Donald Trump on European Union products by sending extra stock to the United States that would allow them to stagger ...
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