Norbolsa | Spain’s lack of commitment to increasing defence spending as agreed with NATO opens up another rift in EU-US relations. Trump threatens to double tariffs on Spain for failing to meet its defence commitments. With trade agreements in place, it seems unlikely that tariffs could be imposed on a member state, but there is a risk that they could impact the country’s most sensitive goods, including oil, wine and pharmaceutical products. This opens up a rift in Europe, which fears that it could be a stumbling block to the trade agreement and lead to harmful reciprocal tariffs.
Europe fears Spain’s stance on defence spending could be stumbling block in trade talks with US
