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Home > Headlines > Spain's PM Sanchez unveils $15.66 billion plan to protect economy from U.S. tariffs

Headlines

Spain's PM Sanchez unveils $15.66 billion plan to protect economy from U.S. tariffs

Published by Global Banking and Finance Review

Posted on April 3, 2025

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MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said on Thursday his government will implement a 14.1 billion euro ($15.66 billion) plan, including 7.4 billion euros in new financing, to cushion the impact of the new U.S. tariffs on the Spanish economy.

The rest of the aid package will comprise existing instruments, Sanchez said.

($1 = 0.9006 euros)

(Reporting by David Latona, editing by Inti Landauro and Andrei Khalip)

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