Published by Global Banking & Finance Review®
Posted on February 3, 2025
1 min readLast updated: January 26, 2026
Spanish Economy Minister urges EU unity against Trump's tariff threats, emphasizing the need for fair global trade competition.
MADRID (Reuters) - The European Union must remain united to respond to U.S. President Donald Trump's threats to levy tariffs on its products, Spanish Economy Minister Carlos Cuerpo said on Monday.
The EU was open to trade and in favour of a globalised world market, though the bloc should not be "naive" and protect its companies and should make sure they were in a position to compete in equal conditions with rivals from other countries, Cuerpo said in an interview with Spanish radio station RNE.
Newly elected Trump ordered sweeping tariffs on goods from Mexico, Canada and China on Saturday.
In the past Trump has vowed imposing tariffs on European goods too, though White House press secretary Karoline Leavitt said on Friday he has not made up his mind about a timeline for implementing those tariffs.
(Reporting by Inti Landauro; Editing by Toby Chopra and Alex Richardson)
Spanish Economy Minister Carlos Cuerpo emphasized that the European Union must remain united to effectively respond to U.S. President Donald Trump's tariff threats.
The EU is open to trade and supports a globalized market, but it should not be naive and must protect its companies to ensure they can compete fairly.
Recently, Trump ordered sweeping tariffs on goods from Mexico, Canada, and China, and has previously threatened to impose tariffs on European goods as well.
White House press secretary Karoline Leavitt stated that Trump has not yet made a decision regarding the timeline for implementing tariffs on European goods.
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