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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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'No to the war': Spain digs in as rift with US deepens

Spain's prime minister defiantly posted "No to the war" on Wednesday, deepening a rift with the United States after Madrid refused the use of its bases to attack Iran and Washington threatened trade reprisals.

·Cherokee County, United States
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Lean Right

Spain's Prime Minister Sánchez, as one of the few EU leaders, criticizes US policy in Causa Iran. Chancellor Merz is silent about Trump's threats in the White House. Spain is angry.

·Düsseldorf, Germany
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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

The Spanish Prime Minister responded strongly to the US President's threat to suspend trade with Spain.

·Belgrade, Serbia
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Portfolio broke the news in on Tuesday, March 3, 2026.
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