Bank of Spain Warns of Potential Economic Impact From U.S. Tariffs

Bank of Spain warns of potential economic impact from U.S. tariffs

MADRID, May 20 (Xinhua) -- The Bank of Spain has warned that recently imposed U.S. tariffs may weigh on the country's economic growth, although the overall impact is expected to be limited. Read full story

The Spanish economy faces challenges due to the trade war and the lack of manpower Read more Impact of the trade war on the Spanish economy and the labor market in Actualidad.es.

African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement

As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships.  In an exclusive interview with CNN’s Christiane Amanpour, Dr Adesina revealed that 47 […]

Loans and support for businesses affected by the increase in tariffs Immediate actions: information and commercial intelligence Medium- and long-term measures for businesses: branding and growth The Ministry of Economy, Commerce and Enterprise launched this week an action plan to strengthen Spanish self-employed and companies that export and have been directly or indirectly affected by the increase in tariffs.During the presentation of the Plan,…

The lose-lose calculus of the trade war

Usually, there's at least one big group that stands to benefit from White House economic policy: businesses, workers or consumers. Why it matters: In … Source

The effective tariff that Spain supports in exports to the US has increased from 3% in 2023 to 12% today and could reach 18% MADRID, 20 (EUROPA PRESS) The Banco de España has calculated that the tariff conflict would have an impact of at least three tenths for the Spanish Gross Domestic Product (GDP) in [...] The entry Banco de España calculates an impact of at least 3 tenths on GDP in the face of the most adverse tariff scenario appears first i…