Trump threatens Spain with trade war after it refuses to roll over and lend its army bases to the Iran effort | Fortune
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Trump threatens Spain with trade war after it refuses to roll over and lend its army bases to the Iran effort | Fortune
"We're going to cut off all trade with Spain. We don't want anything to do with Spain. The U.S. president's comments came a day after Spanish Foreign Minister José Manuel Albares said his country would not allow the U.S. to use jointly operated bases in southern Spain in any strikes not covered by the United Nations' charter."
"If the U.S. administration wishes to review the trade agreement, it must do so respecting the autonomy of private companies, international law, and bilateral agreements between the European Union and the United States. The EU said it expects the Trump administration to honor a trade deal struck with the 27-nation bloc in Scotland last year after months of economic uncertainty."
"It was just the latest instance of the president wielding the threat of tariffs or trade embargoes as a punishment and came on the heels of a Supreme Court decision that struck down Trump's far-reaching global tariffs. While the court said that the International Emergency Economic Powers Act does not authorize the president to unilaterally impose sweeping tariffs, Trump now maintains that the court allows him to instead impose full-scale embargoes."
President Trump threatened to eliminate trade with Spain following Spanish Foreign Minister José Manuel Albares's statement that jointly operated U.S. military bases in southern Spain cannot be used for strikes not covered by the UN charter. Trump made these comments during an Oval Office meeting with German Chancellor Friedrich Merz. Spain's government clarified that any trade agreement review must respect private company autonomy, international law, and EU-U.S. bilateral agreements. The EU reiterated expectations for Trump to honor a trade deal negotiated in Scotland last year. Trump's threat represents another instance of wielding tariffs or embargoes as punishment, following a Supreme Court decision that struck down his global tariffs but which Trump interprets as allowing full-scale embargoes.
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