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

Spain's PM Pedro Sanchez to address parliament on new geopolitical scenario
Spanish Prime Minister Pedro Sanchez looks on as he addresses Parliament on new geopolitical scenario, at Parliament in Madrid, Spain, March 26, 2025. REUTERS/Juan Medina/File Photo
Source: 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.

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