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World News March 4, 2026

Spain says it has resources to counter possible US trade embargo

The Spanish government said Tuesday it has sufficient resources to mitigate the potential impact of a trade embargo after U.S. President Donald Trump threatened to cut trade ties with Spain, according to Spanish media. Madrid said any measures must respect business autonomy, international law and existing agreements between the European Union and the United States.

The government noted Spain’s role as a key NATO member and major EU exporter with trade relations spanning 195 countries, including the United States, and pledged support for affected sectors while promoting supply chain diversification.

Second Deputy Prime Minister Yolanda Díaz called Trump’s remarks “unacceptable,” saying Spain would not bow to external pressure. Trump made the comments during talks with German Chancellor Friedrich Merz at the White House, after Spain declined to allow U.S. forces to use its bases for strikes on Iran.

Credit : CGTN

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