Trump renews tariff threat against EU over 'stealing' from US firms

US President Donald Trump has once again threatened the European Union with higher tariffs, accusing the bloc of 'stealing' from large American companies. The move raises the risk of a new trade conflict between the two economic powers, with direct consequences for Spanish exporters and consumers. Trump made the statement during a rally, claiming that the EU takes advantage of the United States through unfair trade practices, including digital taxes and regulatory barriers. He did not specify the exact tariffs or timeline, but the threat revives tensions that had eased after a temporary truce in 2021. The EU responded cautiously, with European Commission officials stating they are prepared to defend their interests. Spain, as a major EU economy with strong trade ties to the US, is particularly vulnerable to any escalation. Spanish exports of agricultural goods, machinery, and vehicles could face new levies. The core of the dispute centers on the EU's Digital Services Tax, which targets US tech giants like Google and Apple. Washington argues this unfairly singles out American firms. The EU maintains the tax is fair and applies to all companies meeting revenue thresholds. Economists warn that a tariff war would hurt both sides, raising prices for consumers and disrupting supply chains. For Spain, a trade conflict could also slow the post-pandemic recovery, as exports to the US account for a significant portion of its foreign sales. Meanwhile, some EU member states are calling for a negotiated solution to avoid a costly confrontation. The outcome may depend on the upcoming US elections and the political will on both sides to find common ground. For now, Spanish businesses are watching closely, with many hoping that diplomatic efforts will prevent new tariffs.