What impact will Trump’s new oil and car tariffs have on Spain?

What impact will Trump’s new oil and car tariffs have on Spain?

US President Donald Trump has rolled out new tariffs on car and oil imports from around the world, with some countries more exposed than others. How will Spain hold up?

The Spanish car industry is seeing the bulls from the barrier in the new chapter of Donald Trump’s tariff war against the world. The US president announced on Wednesday a 25% tariff on the import of vehicles, something that has caused the sector to crumble on the Stock Exchange, but that will not affect Spain, since the country did not export a single vehicle to the US market in 2024 nor will it do so in 2025. This was not always the case: in 20…

Spain no longer exports cars to the US, although component factories do provide parts to countries such as Germany and Mexico that in turn send vehicles.Spanish wineries protect themselves from Trump tariffs and anticipate the shipment of wine to the US Car manufacturers on Spanish soil do not fear US tariffs. Spain hardly sells cars there, unlike its European colleagues, such as Germany, who warn of a significant impact and ask the European Uni…

Given the additional 25% taxes on goods imported from Canada and Mexico, and 10% on Chinese products, Mango, the famous Spanish fashion brand, has decided to keep its prices on the US market.Instead of transferring the additional costs to consumers, the company chose not to modify its rates, a decision that distinguishes it from many other companies that adjust their prices to mitigate the impact of the new taxes.The measure of Donald Trump's ad…

Automotive professionals demand concrete measures against Donald Trump's tariffs and the European plan for the sector.

The 25% increase in tariffs on cars and parts manufactured outside the United States announced yesterday by Donald Trump will not affect too much the main manufacturers located in Spain, such as Seat, Renault or Stellantis Group. On the contrary, and according to a study by the rating agency Morningstar DBRS, it will affect more the premium manufacturers, most of which are settled in Germany. Although this will not be the only European country p…