Spain’s Economy Minister, Carlos Cuerpo, is pushing the EU to expand financial aid for industries hit by U.S. tariffs. Spain recently unveiled a €14.1 billion support package and aims to secure broader EU countermeasures as trade tensions escalate between the U.S. and Europe.
Spain's Economy Minister, Carlos Cuerpo, has called on the European Union to expand financial aid for industries affected by U.S. tariffs. This appeal came as the EU finance ministers convened on Monday to discuss countermeasures against the U.S.'s tariff policies.
Spain, which has been vocal in its efforts to shield businesses from the financial strain caused by U.S. trade measures, recently unveiled a 14.1 billion euro ($15.54 billion) aid package. This financial support, comprising loans and direct aid, is aimed at helping Spanish industries cope with the fallout from U.S. tariffs, including the 25% import duties on steel, aluminium, and cars.
The EU is also expected to approve countermeasures against U.S. imports, targeting up to $28 billion in goods. With the U.S. set to impose reciprocal tariffs on a broad range of European products, the EU is working to present a united front. The upcoming discussions will focus on deciding which goods will be subject to retaliatory tariffs in response to U.S. actions.
The situation reflects the ongoing trade tensions between the U.S. and Europe, with countries like Spain advocating for robust support to mitigate the economic impact.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 29th of July, covering the latest developments you need to kno...
A deadly overnight attack by Russian forces on a correctional facility in Ukraine's Zaporizhzhia region has left 16 people dead and more than 35 injur...
Tensions between Thailand and Cambodia have eased after a ceasefire ended five days of deadly border clashes, but military talks remain delayed and Ba...
A gunman opened fire inside a Midtown Manhattan skyscraper housing NFL and financial firm offices, killing four people, including a police officer, be...
At least 30 people have died in Beijing after torrential rains battered the Chinese capital, state news agency Xinhua reported on Monday....
French President Emmanuel Macron has announced that France will officially recognise Palestinian state, making it the first G7 nation and permanent United Nations Security Council member to take such a step.
England’s Lionesses have defended their Women’s Euro crown, beating Spain on penalties in a thrilling final marked by resilience and heroics from Chloe Kelly and emerging stars.
Storms and rising seas are washing away Barcelona’s man-made beaches, putting tourism and coastal life at risk, according to residents in the area. In Montgat, locals say their summers by the sea are vanishing.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
U.S. President Donald Trump says he’s not actively pursuing a summit with Xi Jinping but confirmed that he may visit China later this year, following an invitation from the Chinese leader.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 29th of July, covering the latest developments you need to know.
A deadly overnight attack by Russian forces on a correctional facility in Ukraine's Zaporizhzhia region has left 16 people dead and more than 35 injured, as Kyiv accuses Moscow of escalating aerial assaults on civilian areas.
Tensions between Thailand and Cambodia have eased after a ceasefire ended five days of deadly border clashes, but military talks remain delayed and Bangkok plans to report violations to the U.S. and China.
A gunman opened fire inside a Midtown Manhattan skyscraper housing NFL and financial firm offices, killing four people, including a police officer, before taking his own life, New York officials said on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment