SME Times is powered by   
Search News
Just in:   • No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats  • Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh  • Govt to improve India's economic indicators by integrating ocean ecosystem accounts  • Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer  • India, Japan join hands in push for critical minerals 
Last updated: 27 Jun, 2025  

spain.jpg Sanchez defends Spain's defence budget in response to Trump's threats

spain.jpg
   Top Stories
» No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats
» Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh
» Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer
» Trump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc
» India unleashes bold reforms to mitigate impact of global uncertainties, tariffs: FinMin
IANS | 27 Jun, 2025

Spanish Prime Minister Pedro Sanchez emphasised the country's sovereignty on Thursday while responding to threats made by US President Donald Trump to raise tariffs on Spanish products, following Sanchez's refusal to increase defense spending to five per cent of Gross Domestic Product (GDP) at the NATO Summit.

Sanchez has opted to maintain Spain's defence spending at 2.1 per cent of GDP. Speaking in Brussels ahead of the European Union (EU) Summit, he emphasised that Spain is "a country with solidarity, committed to the Member States of NATO, but also a sovereign nation," according to the reports by Spanish state TV network RTVE.

The Spanish leader expressed his "satisfaction" with the NATO meeting concluded on Wednesday, noting that it succeeded in striking a "balance" between Spain's commitment to the Atlantic Alliance and the "social cohesion" of his country. Security was "not just spending on defense, but also in continuing with a social model that strengthens our welfare state," he was quoted as saying, Xinhua news agency reported.

Responding to Trump's tariff threats, Sanchez stressed that the NATO meeting and trade agreements with EU nations were "two different areas of debate." He underscored that Spain is part of the EU single market, and trade policy is negotiated in Brussels on behalf of all member states.

"Europa and the world are suffering a trade war," he said, describing Trump's tariffs as "unjust and unilateral." In Spain's case, he said, they were "doubly unfair" given the country's trade deficit with the United States.

Despite his disagreement with Trump, Sanchez reaffirmed Spain's role as "an open country" and a friend of the United States.

Regarding the situation in the Middle East, Sanchez called for the EU to "immediately" suspend the Association Agreement with Israel, arguing that it is "more than obvious" the Israeli government has "violated" the accord.

"It makes no sense that there are 18 packs of sanctions against Russia for its aggression against Ukraine and Europe," Sanchez said, "while Europe is unable to suspend the Association Agreement when a country flagrantly violates human rights in Gaza."

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter