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.
China’s Ambassador to Spain, Yao Jing, stated that China is eager to be seen as a partner rather than a rival to the European Union, emphasizing the need for collaboration amidst shifting global dynamics and U.S. trade policies, which he described as "unilateral economic abuse."
Pope Francis has approved the first step towards sainthood for Antoni Gaudi, the modernist architect behind Barcelona's "Sagrada Familia" basilica, the Vatican said on Monday.
President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Friday, calling for stronger strategic cooperation as China and Spain mark the 20th anniversary of their comprehensive strategic partnership.
Spanish lawmakers have approved a plan to relocate thousands of underage migrants from overcrowded youth centres in the Canary Islands and other outposts to mainland regions, aiming to ease pressure on areas facing high migration flows.
Thousands march across Spain demanding affordable housing amid soaring rents and dwindling supply.
President of the Islamic Republic of Iran, Masoud Pezeshkian, arrived in the Republic of Azerbaijan for an official visit on April 28.
India retaliated to Pakistan's "unprovoked" firing after a Kashmir attack killed 26. Tensions rose as India suspended a water treaty and Pakistan shut airspace. The Resistance Front denied involvement after claiming it.
The death toll from a U.S. airstrike on a detention centre for migrants in Yemen’s northern Saada province has risen to 68, according to the Houthi-affiliated Al Masirah TV.
President of Azerbaijan Ilham Aliyev addressed the participants of the founding conference of the Global South NGO Platform.
Russia and the United States have announced significant progress toward resolving the ongoing Ukrainian conflict, with both sides noting the emergence of conditions conducive to initiating negotiations for a lasting peace.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
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.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
India retaliated to Pakistan's "unprovoked" firing after a Kashmir attack killed 26. Tensions rose as India suspended a water treaty and Pakistan shut airspace. The Resistance Front denied involvement after claiming it.
The death toll from a U.S. airstrike on a detention centre for migrants in Yemen’s northern Saada province has risen to 68, according to the Houthi-affiliated Al Masirah TV.
Russia and the United States have announced significant progress toward resolving the ongoing Ukrainian conflict, with both sides noting the emergence of conditions conducive to initiating negotiations for a lasting peace.
As President Donald Trump reaches the end of his first 100 days in his second term, his presidency has been marked by significant executive actions, controversial immigration policies, economic volatility, and a major reorganization of the federal government.
Russian Foreign Minister Sergei Lavrov has confirmed that Moscow will persist in targeting Ukrainian military sites, despite international condemnation following recent attacks on civilian areas.
President of the Islamic Republic of Iran, Masoud Pezeshkian, arrived in the Republic of Azerbaijan for an official visit on April 28.
India retaliated to Pakistan's "unprovoked" firing after a Kashmir attack killed 26. Tensions rose as India suspended a water treaty and Pakistan shut airspace. The Resistance Front denied involvement after claiming it.
The death toll from a U.S. airstrike on a detention centre for migrants in Yemen’s northern Saada province has risen to 68, according to the Houthi-affiliated Al Masirah TV.
President of Azerbaijan Ilham Aliyev addressed the participants of the founding conference of the Global South NGO Platform.
Russia and the United States have announced significant progress toward resolving the ongoing Ukrainian conflict, with both sides noting the emergence of conditions conducive to initiating negotiations for a lasting peace.
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