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Spain's Pedro Sánchez Rejects Trump's Trade Embargo Threat Saying 'No to War'

  • On Wednesday, March 4, 2026 Spanish Prime Minister Pedro Sánchez rejected U.S. trade threats and reaffirmed his opposition to strikes on Iran, framing the stance as an anti-war position.
  • On Tuesday, Donald Trump threatened a full trade embargo after Madrid barred U.S. use of the jointly operated Rota and Morón bases for strikes on Iran, saying "Spain has been terrible."
  • The European Commission said it was 'ready' to defend EU interests amid Trump’s threats, with Spain's Ibex 35 down 0.8% in early trading, and Sánchez reaffirming 'No to war.'
  • Sánchez said the government is studying economic measures to shield Spaniards, while CEOE, CEPYME and ATA said trade relations likely remain unaffected, noting EU’s collective negotiation limits.
  • Beyond the immediate dispute, Sánchez warned that 'Twenty-three years ago, another US administration dragged us into a war with the Middle East. It triggered the largest wave of insecurity our continent has experienced since the fall of the Berlin Wall,' linking it to NATO spending debates over Spain's 2.1% of GDP versus the 5% target.
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NATIONAL (KTLO) – Spanish President Pedro Sánchez responded to Donald Trump's threats to cut bilateral trade with Spain after refusing to support the US and Israeli actions against Iran and denying the use of military bases on Spanish soil. In a statement, Sánchez reaffirmed Spain's "no to war." The post Spain says "no" to war after threats from US President Donald Trump appeared first on KRDO.

·Colorado Springs, United States
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Portfolio broke the news in on Tuesday, March 3, 2026.
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