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.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15th of July, covering the latest developments you need to know.
Spain booked their place in the World Cup final with a composed 2-0 victory over France on Tuesday, ending the hopes of the tournament favourites and moving within one match of a second World Cup title.
The United Kingdom, the European Union, Spain and Gibraltar have formally signed a treaty establishing new arrangements for movement and border procedures between Gibraltar and Spain.
Ukraine and a group of key Western allies have launched a new air defence coalition to develop a European anti-ballistic missile system that will complement existing defences and reduce reliance on the costly U.S.-made Patriot system.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
The Trump administration is pressing ahead with new immigration rules that will impose fixed time limits on visas for foreign students, cultural exchange visitors and journalists, tightening requirements for thousands of people who study and work in the U.S.
Keir Starmer has reaffirmed that the UK's "unwavering" support for Ukraine will continue, during his final visit to the country as Prime Minister.
Two British hackers who carried out a cyberattack on Transport for London (TfL) that cost the transport authority £29 million to remediate have been jailed for a total of 11 years.
At least 11 people have been killed and 19 injured in a fire at an orphanage on the outskirts of the Algerian capital, state media reported. The blaze broke out early on Thursday at the institution in the eastern suburbs of Algiers.
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svetlana Maksimovic and Ljubisa Karovic had just settled into a flight with the airline last week, when a loud bang pierced the hum of engines.
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