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

US President Donald Trump has imposed new tariffs on car imports globally, affecting countries like Germany more than Spain, whose car production does not heavily rely on the US market. However, if the EU responds with reciprocal tariffs, American cars in Spain could become more expensive. Spain is also impacted by secondary tariffs on Venezuelan oil imports, but experts believe the impact will be minimal due to the low percentage of oil imported from Venezuela.

Full Article