US Compiles $21 Billion Spanish Goods List as Trump Weighs Embargo Threatening EU Trade Deal
Updated
Updated · POLITICO · Jul 8
US Compiles $21 Billion Spanish Goods List as Trump Weighs Embargo Threatening EU Trade Deal
3 articles · Updated · POLITICO · Jul 8
Summary
U.S. officials are drawing up a menu of Spanish products for possible trade restrictions as President Donald Trump considers an embargo on Spain, a step that could hit a NATO ally directly.
Spain accounted for more than $21 billion of U.S. imports and $26 billion of U.S. exports in 2025, but the bigger risk is to the U.S.-EU tariff pact built around a flat 15% U.S. rate on EU goods.
EU officials said the bloc's newly approved deal includes snap-back clauses that would restore duties on U.S. goods if Washington raises tariffs or targets any member state.
Trump brushed off the danger to the agreement in Ankara, saying the EU had treated the United States badly for years; a collapse of the Turnberry deal could reopen a trade war across roughly $1 trillion in transatlantic commerce.
Any embargo would also face legal hurdles because U.S. law typically requires a national emergency and proof of an unusual threat, a difficult case to make against Spain.