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.
Kremenchuk, an industrial centre on the Dnipro River, was struck again as Russian forces targeted facilities across the city during the night....
More than 60 Indigenous artifacts held in the Vatican for 100 years, including a rare Inuit kayak, arrived in Montreal, where First Nation, Métis and...
U.S. Secretary of War Pete Hegseth defends follow-up strike on suspected drug boat in the Caribbean, denies authorizing the killing of all onboard, an...
Hungarian Prime Minister Viktor Orban said on Saturday that preparations are under way for a substantial business mission to Moscow, describing the vi...
Eighteen migrants drowned when their boat overturned 26 miles (40 km) south of the Greek island of Chrysi, after a Turkish cargo ship spotted the vess...
Israel was cleared on Thursday to participate in the 2026 Eurovision Song Contest, a decision made by the organisers, the European Broadcasting Union (EBU), which sparked a major controversy.
Eight more suspected cases of African swine fever have been found near Barcelona as Spain battles to contain growing damage to its multi-billion-euro pork exports.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pre-trial detention over a corruption scandal that has embroiled Prime Minister Pedro Sanchez’s left-wing government.
The 2026 FIFA World Cup draw at the Kennedy Center in Washington, D.C., has finalized the group stage for the tournament co-hosted by the U.S., Canada, and Mexico, setting the schedule and matchups for next summer’s expanded 48-team event.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
Pakistan and Afghanistan exchanged heavy fire along their shared border late on Friday, a reminder of how sensitive the frontier remains despite ongoing diplomatic efforts.
Iran’s Foreign Ministry has strongly condemned the Gulf Cooperation Council (GCC) for its support of the claims by United Arab Emirates on three Iranian islands.
Chinese leader Xi Jinping accompanied French President Emmanuel Macron to Chengdu on Friday, a rare gesture seemingly reserved for the head of Europe's second-largest economy that highlights Beijing's focus on Paris in its ties with the European Union.
More than 60 Indigenous artifacts held in the Vatican for 100 years, including a rare Inuit kayak, arrived in Montreal, where First Nation, Métis and Inuvialuit leaders welcomed them home with ceremony, song and emotion.
U.S. Secretary of War Pete Hegseth defends follow-up strike on suspected drug boat in the Caribbean, denies authorizing the killing of all onboard, and comments on protocols for military operations.
Hungarian Prime Minister Viktor Orban said on Saturday that preparations are under way for a substantial business mission to Moscow, describing the visit as an exclusively economic engagement.
Eighteen migrants drowned when their boat overturned 26 miles (40 km) south of the Greek island of Chrysi, after a Turkish cargo ship spotted the vessel and alerted Greek authorities.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment