Spain Prime Minister Trump’s top tariffs visit China to strengthen the relationship with the tariff tariff

Madrid: Spain’s Prime Minister Pedro Sanchez is visiting China on Friday, his third visit to the country in two years is the third visit to the country as his government wants to promote investment from Asian veterans amidst global economic uncertainty due to a chaotic American tariff policy. Sanchez met Chinese President Xi Jinping and was expected to meet business leaders of several Chinese companies, many of which produce electric batteries or renewable energy technologies.
This journey comes in a complex moment for Europe and China. Tariff announced last week – and then stopped by US President Donald Trump – this may mean that the European Union pursues more trade with China – the third largest consumer market in the world after the United States and the European Union. As a result of the US tariff, there is a flooding of blocks with concessional items in the European Union about China, causing damage to European producers.
The government of Sanchez has said that European Union members want to expand their economic relations with Spain China.
After a meeting with Vietnamese leaders in Hanoi on Thursday, Sanchez said, “There is no business war. We will all lose.”
Spain’s government spokesman Pillar Elegia said earlier this week that Sanchez’s visit is “special significance” and “bringing diversity in markets” – Spain can see 80% of its exports to America affected by Tram’s tariff.
Warning from Washington
US Treasury Secretary Scott Besant called Spain for its move towards China on Tuesday, saying that Spain – or any country that tries to get closer to China – “must be cutting his throat” because Chinese manufacturers want to dump goods they cannot sell in America.
Spain’s Agriculture Minister Louis Planus, who is with Sanchez, said in Vietnam on Wednesday, “We have no extending business relations with other countries, including a significant partner as China, does not go against anyone.”
“Everyone must defend their interests,” said Planus.
Spain pro -China has been divided as the European Union
Spain – Eurozone’s fourth largest economy and a leader in development – has been less unfavorable to China than other countries of the European Union in recent years. Initially after supporting the European Union tariffs placed on Chinese-made electric vehicles last year, European leaders said that Spain stopped voting at customs.
Planus insisted that Spain’s approach to China “contributes to the collective effort made by some countries of the European Union to get out of this situation.”
Allicia Garcia-Hero, an economist for Asia Pacific at the French investment bank Natics and an expert on Europe’s relations with China, said, “Spain’s position has become more supportive China … Compared to the average European country,” Europe, an economist and an economist for Asia Pacific in French Investment Bank Natics, and Europe’s relations with China said Alysisia Garcia-Hero.
Clean energy and pork products
Spain is a major supplier of Pork for China, providing about 20% of China’s imports, according to Interporac, a Spanish association of pork producers.
“For us, China is the main market,” Daniel de Miguel said, Deputy Director of Interporac.
The southern European country, which generated 56% of its electricity from renewable sources last year requires significant raw materials, solar panels and green technologies – infection away from fossil fuels similar to other European countries.
In December, the Chinese electric battery company CATL announced a 4.1 billion euro ($ 4.5 billion) joint venture with automekar stalentis to build a battery factory in northern Spain. Last year signed by Spain and Chinese companies signed last year for the construction of green hydrogen infrastructure in the country.
The Spanish leader’s visit was announced before the Trump administration unveiled its tariff scheme.
As a nation of the European Union, Spain initially obtained a 20% blanket tariff that Trump has now reduced by 10% for countries other than China for 90 days. The block also has a 25% American duty for cars, steel and aluminum.
Meanwhile, China is facing a total of 145% of the total duty. When Trump announced on Wednesday that China faced 125% tariff, he did not include 20% tariffs on China, which were tied to their role in Phantanelle production.
Sanchez, who made more visits to China than the leaders of Germany or Italy, last visited in September, when he met Xi amidst the European Union trade tension. While China’s investment in Spain has increased, the Iberian nation does less trade with China than in Germany or Italy.
Garcia-Hero, an economist at French Bank Natics, at one time emphasized the political value of the journey for Sanchez, when his leftist minority coalition lacks a lot of support for passing a lot at home and is looking at Europe to melt its stressful relations with China.
For Spain, the important thing is that “the transatalantic alliance is not only at risk, but in shabby,” he said.