Spain has stepped forward with a bold €14.1 billion relief package to shield its economy from the ripple effects of new U.S. tariffs, as Economy Minister Carlos Cuerpo warns of potential hits to the country’s GDP amid growing global trade tensions.
The series of tariffs announced by U.S. President Donald Trump on Wednesday could have a negative effect on Spain's gross domestic product, potentially reducing it by several tenths of a percentage point, Economy Minister Carlos Cuerpo warned on Friday.
While Spain’s direct economic exposure to the United States is relatively limited compared to other European Union nations, Cuerpo emphasized that a global slowdown in trade could indirectly impact the Spanish economy.
In response to the potential fallout, Spain on Thursday unveiled a substantial financial support package valued at €14.1 billion ($15.55 billion), comprising loans and direct aid. This initiative positions Spain as one of the few major economies to present a concrete and proactive solution to mitigate the repercussions of the newly imposed U.S. tariffs.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that India is planning a military strike within the next 24 to 36 hours, citing credible intelligence.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that India is planning a military strike within the next 24 to 36 hours, citing credible intelligence.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment