Economic Impact of Trump Tariffs on Spain: What to Expect
Trump's new tariffs are set to affect Spain's economy, though its exposure is less than other EU nations.
- • Spanish exports to the U.S. account for 1% of GDP; imports account for 1.7%.
- • Spain's trade with the U.S. is more service-oriented compared to the Eurozone's goods-oriented trade.
- • Under a worst-case scenario, Spain's GDP could contract by 3.36% due to tariffs.
- • Key sectors affected include agro-food and automotive, particularly in regions like Andalusia and Valencia.
Key details
On August 7, 2025, President Donald Trump rolled out new tariffs impacting nearly 70 countries, including Spain, marking a significant shift in international trade relations. The newly implemented tariffs, which can escalate to as much as 41% on certain goods, govern not only exports but also the financial dynamics between the United States and its trading partners.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.
