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

Spanish PM Pedro Sánchez rejects U.S. trade threats after barring military base use for strikes on Iran, citing risks of repeating Iraq war consequences, per his televised address.

  • 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.
Insights by Ground AI

216 Articles

Lean Right

Pedro Sánchez, president of Spain, gave a statement in national chain, where he reaffirmed that his country will not be involved in the armed conflict between the US and Israel against Iran, an issue that has brought him problems in his relationship with Washington. Remember that the Spanish government denied the US the use of the bases of Rota and Morón, to carry out attacks on the Islamic country. In retaliation, Trump announced that he would …

·Chile
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Lean Left

Spanish Prime Minister Pedro Sanchez has responded to President Donald Trump's threat to cut off trade with his country over his stance on war with Iran. In a video released by his office, Sanchez claimed that when it comes to the current conflict, Spain's position has been "clear and consistent" and in line with positions taken on the wars in Ukraine and Gaza, foreign media write, reports Telegraph. "The position of the Spanish government can b…

Lean Left

Despite Washington's threat of a breakdown in trade relations, the Spanish Prime Minister maintains his critical position with regard to the war against Iran and stands up to the United States.

·Paris, France
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Portfolio broke the news in on Tuesday, March 3, 2026.
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