{"id":46136,"date":"2025-12-02T18:46:56","date_gmt":"2025-12-02T18:46:56","guid":{"rendered":"https:\/\/desarrollo5586.live-website.com\/?p=46136"},"modified":"2025-12-03T21:02:03","modified_gmt":"2025-12-03T21:02:03","slug":"spain-us-trade-relations-tariffs-export-risks","status":"publish","type":"post","link":"https:\/\/desarrollo5586.live-website.com\/en\/spain-us-trade-relations-tariffs-export-risks\/","title":{"rendered":"Spain\u2019s Trade Ties with the U.S.: Navigating Tariffs and Sector Vulnerabilities"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"46136\" class=\"elementor elementor-46136\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a02a867 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a02a867\" data-element_type=\"section\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ae5becc\" data-id=\"ae5becc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc54a9e elementor-widget elementor-widget-image\" data-id=\"fc54a9e\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1917\" height=\"2015\" src=\"https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface.jpg\" class=\"attachment-full size-full wp-image-46156\" alt=\"\" srcset=\"https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface.jpg 1917w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface-285x300.jpg 285w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface-597x628.jpg 597w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface-768x807.jpg 768w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Laurine-Pividal_Coface-1461x1536.jpg 1461w\" sizes=\"(max-width: 1917px) 100vw, 1917px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7514d04\" data-id=\"7514d04\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed76dac elementor-mobile-align-center elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"ed76dac\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Capa_1\" height=\"512\" viewBox=\"0 0 567.6 567.6\" width=\"512\"><g><g id=\"Layer_2_00000128476315202531491510000008531801051533896102_\"><path d=\"m118.8 409.2h92.4v132h-92.4z\"><\/path><path d=\"m257.4 26.4h-184.8c-40.084.029-72.571 32.516-72.6 72.6v369.6c.029 40.084 32.516 72.571 72.6 72.6h6.6v-138.6c.029-18.213 14.787-32.971 33-33h105.6c18.213.029 32.971 14.787 33 33v138.6h59.4c10.935 0 19.8-8.865 19.8-19.8v-422.4c-.029-40.084-32.516-72.571-72.6-72.6zm-145.2 297c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4zm0-79.2c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4zm0-79.2c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4zm105.6 158.4c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4zm0-79.2c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4zm0-79.2c-14.58 0-26.4-11.82-26.4-26.4s11.82-26.4 26.4-26.4 26.4 11.82 26.4 26.4-11.82 26.4-26.4 26.4z\"><\/path><path d=\"m495 132h-105.6c-25.503.029-46.171 20.697-46.2 46.2v343.2c0 10.935 8.865 19.8 19.8 19.8h132c40.084-.029 72.571-32.516 72.6-72.6v-264c-.029-40.084-32.516-72.571-72.6-72.6zm-26.4 303.6h-52.8c-10.935 0-19.8-8.865-19.8-19.8s8.865-19.8 19.8-19.8h52.8c10.935 0 19.8 8.865 19.8 19.8s-8.865 19.8-19.8 19.8zm0-79.2h-52.8c-10.935 0-19.8-8.865-19.8-19.8s8.865-19.8 19.8-19.8h52.8c10.935 0 19.8 8.865 19.8 19.8s-8.865 19.8-19.8 19.8zm0-79.2h-52.8c-10.935 0-19.8-8.865-19.8-19.8s8.865-19.8 19.8-19.8h52.8c10.935 0 19.8 8.865 19.8 19.8s-8.865 19.8-19.8 19.8z\"><\/path><\/g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">By: Coface<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-user-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Author: Laurine Pividal<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Coface Southern Europe Economist <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a866882 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a866882\" data-element_type=\"section\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-74b757d9\" data-id=\"74b757d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68f3a073 elementor-widget elementor-widget-text-editor\" data-id=\"68f3a073\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Can Spain\u2019s key sectors withstand the pressure of shifting U.S. policies? As global trade tensions continue to shift and the tariff situation in the United States evolves, Spanish exporters find themselves walking a fine line.<\/p><p><br><\/p>\n<p><\/p>\n<p>In 2024, the U.S. accounted for 4.6% of Spanish total goods exports, representing 1.1% of Spain\u2019s GDP. That makes America Spain\u2019s sixth-largest export market, a respectable position but far from dominant. This relatively low dependence offers Spain a degree of insulation from tariff shocks compared to European heavyweights like Germany and Italy, whose industries are deeply intertwined with U.S. trade.<\/p><p><br><\/p>\n<p><\/p>\n<p>However, resilience doesn\u2019t equate to immunity. Spain runs a trade deficit with the U.S., and any new tariffs could ripple through its economy indirectly. Why? Because Spain\u2019s main European partners, Germany, France, and Italy, are deeply tied to U.S. trade. Disruptions in their supply chains could cascade into Spain\u2019s export performance, creating secondary effects that are harder to predict. In today\u2019s interconnected economy, even modest exposure can become vulnerability.<\/p><p><br><\/p>\n<p><\/p>\n<p><strong>Sector Spotlight: Where the U.S. Matters Most<\/strong><\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>While Spain\u2019s overall exposure to the U.S. market is limited, certain sectors lean heavily on American buyers. Industries such as non-metallic minerals (cement and ceramics), chemicals, pharmaceuticals, machinery, and electric machinery have a stronger U.S. footprint. These sectors are feeling the pinch of the trade war, especially given their reliance on complex supply chains and high-value components.<\/p><p><br><\/p>\n<p><\/p>\n<p>The agrifood sector, broadly speaking, enjoys lower U.S. exposure, but there are exceptions. The olive industry stands out as particularly vulnerable. The U.S. is Spain\u2019s top export market for table olives (21% of total in 2024) and its second largest for olive oil (16%). This isn\u2019t new territory: During U.S. President Donald Trump\u2019s first term in office, tariffs of 25% on olive oil and 35% on table olives hit Spanish producers hard. Exports of table olives to the U.S. plunged nearly 20% in the three years following the mid-2018 tariffs, compared to 2017 levels. The U.S. share of Spanish olive exports dropped from 26% in 2017 to below 20% in 2022, before rebounding slightly to 21% last year.<\/p><p><br><\/p>\n<p>Wine producers also have skin in the game. The U.S. ranks as Spain\u2019s second-largest wine export market, representing 11% of total wine exports. For premium Spanish wines, the American consumer base is not just lucrative, it\u2019s strategic. Losing ground here could mean ceding market share to emerging players like Chile.<\/p><p><br><\/p>\n<p><\/p>\n<p><strong>Agriculture\u2019s Recovery: A Silver Lining<\/strong><\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>After years of drought-induced strain, Spain\u2019s agricultural sector is finally regaining momentum. Improved weather conditions have fueled a rebound, with food and beverage production rising by an average of 1.2% in the first eight months of the year compared to 2024, returning to pre-pandemic levels. This recovery is more than symbolic; it strengthens Spain\u2019s ability to absorb external shocks.<\/p><p><br><\/p>\n<p>Energy-related inflationary pressures, exacerbated by the war in Ukraine, have eased, stabilizing input and producer prices. However, these costs remain historically high, keeping margins tight. On the domestic front, consumption is back: food retail sales now exceed 2019 levels by 5% in volume, signaling a recovery from the inflationary crisis. For agribusiness leaders, this rebound offers breathing room to strategize for potential tariff headwinds.<\/p><p><br><\/p>\n<p><\/p>\n<p><strong>Why Tariffs Matter Now<\/strong><\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>The renewed focus on tariffs is not happening in a vacuum. For Spain, the challenge is twofold: direct exposure to U.S. tariffs and indirect exposure through European partners.<\/p><p><br><\/p>\n<p>Moreover, tariffs often trigger retaliatory measures. Tensions aren\u2019t strictly reserved to trade.<\/p><p><br><\/p>\n<p><\/p>\n<p><strong>Strategic Implications for Spanish Businesses<\/strong><\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>In October, President Trump publicly threatened trade penalties against Spain, citing its refusal to raise defense spending to 5% of GDP in a move he called disrespectful to NATO. His comments included the possibility of punitive actions through tariffs, underscoring how quickly political disputes can spill into economic consequences. What does this all mean for Spanish exporters? First, diversification is no longer optional, it\u2019s imperative. Companies heavily reliant on U.S. markets, particularly in olives, olive oil, and wine, should accelerate efforts to expand into Asia-Pacific and Latin America, where demand for Mediterranean products is rising.<\/p><p><br><\/p>\n<p><\/p>\n<p>Second, supply chain agility will be a competitive advantage. Firms that can pivot sourcing and logistics quickly will weather tariff storms better than those locked into rigid structures. Digitalization and nearshoring strategies could play a critical role here.<\/p>\n<p>Finally, branding matters. Spanish producers have long leveraged quality and heritage as selling points. In a tariff-heavy environment, these attributes can justify premium pricing and help offset cost pressures.<\/p><p><br><\/p>\n<p><\/p>\n<p><strong>The Bigger Picture<\/strong><\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>Spain\u2019s relatively low direct reliance on U.S. trade offers resilience, but sector-specific vulnerabilities, especially in olives, olive oil, and wine, cannot be ignored. As tariff risks loom, Spanish exporters may need to rethink market strategies and strengthen operational flexibility. For now, the country\u2019s agricultural revival and robust domestic consumption provide a much-needed cushion against external shocks. But in a world where trade policy can shift overnight, complacency is not an option.<\/p><p><br><\/p>\n<p><\/p>\n<p><em>Laurine PIVIDAL is the southern Europe economist for Coface, a global leading player in trade credit risk management. Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. For almost 80 years, they\u2019ve been supporting the growth of companies, helping them navigate in an uncertain and volatile environment. <\/em><\/p>\n<p><em>&nbsp;<\/em><\/p>\n<p><strong><em>Boilerplate:<\/em><\/strong><\/p>\n<p><em><b><br><\/b>As a global leading player in trade credit risk management, Coface leverages its unique expertise and cutting-edge technology for 100,000 clients across some 200 markets. For almost 80 years, we\u2019ve been supporting the growth of companies, helping them navigate in an uncertain and volatile environment. At Coface, we act for trade.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b79824e elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b79824e\" data-element_type=\"section\" data-settings=\"{&quot;ekit_has_onepagescroll_dot&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-03be83e\" data-id=\"03be83e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-431559e elementor-widget elementor-widget-image\" data-id=\"431559e\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.coface.us\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"793\" height=\"262\" src=\"https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Logo_Coface-2022.jpg\" class=\"attachment-full size-full wp-image-46158\" alt=\"\" srcset=\"https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Logo_Coface-2022.jpg 793w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Logo_Coface-2022-300x99.jpg 300w, https:\/\/desarrollo5586.live-website.com\/wp-content\/uploads\/Logo_Coface-2022-768x254.jpg 768w\" sizes=\"(max-width: 793px) 100vw, 793px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-019c6c8\" data-id=\"019c6c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9f6721b elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"9f6721b\" data-element_type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">As a global leading player in trade credit risk management, Coface helps 100,000 companies grow across some 200 international markets.  As a trusted partner, our +4,900 experts give our clients the confidence they need to navigate in an uncertain and volatile environment.  We act for them. We act for trade.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.coface.us\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" id=\"Capa_1\" x=\"0px\" y=\"0px\" viewBox=\"0 0 511.999 511.999\" style=\"enable-background:new 0 0 511.999 511.999;\" xml:space=\"preserve\"><g>\t<g>\t\t<path d=\"M437.019,74.981C388.667,26.628,324.38,0,256,0C187.62,0,123.332,26.628,74.981,74.98C26.628,123.332,0,187.62,0,256   s26.628,132.667,74.981,181.019C123.332,485.371,187.62,511.999,256,511.999c68.381,0,132.667-26.628,181.02-74.981   c48.351-48.351,74.98-112.639,74.98-181.019S485.371,123.332,437.019,74.981z M96.216,96.216   c22.511-22.511,48.938-39.681,77.742-50.888c-7.672,9.578-14.851,20.587-21.43,32.969c-7.641,14.38-14.234,30.173-19.725,47.042   c-19.022-3.157-36.647-7.039-52.393-11.595C85.345,107.678,90.61,101.822,96.216,96.216z M62.229,139.585   c18.417,5.897,39.479,10.87,62.461,14.809c-6.4,27.166-10.167,56.399-11.066,86.591H30.536   C32.896,204.752,43.778,170.172,62.229,139.585z M60.594,369.638c-17.455-29.899-27.769-63.481-30.059-98.623h83.146   c0.982,29.329,4.674,57.731,10.858,84.186C101.085,359.003,79.494,363.85,60.594,369.638z M96.216,415.784   c-6.38-6.381-12.322-13.081-17.831-20.055c16.323-4.526,34.571-8.359,54.214-11.433c5.53,17.103,12.194,33.105,19.928,47.662   c7.17,13.493,15.053,25.349,23.51,35.505C146.427,456.28,119.268,438.834,96.216,415.784z M240.984,478.115   c-22.808-6.389-44.384-27.217-61.936-60.249c-6.139-11.552-11.531-24.155-16.15-37.587c24.73-2.722,51.045-4.331,78.086-4.709   V478.115z M240.984,345.537c-29.988,0.409-59.217,2.292-86.59,5.507c-6.038-24.961-9.671-51.978-10.668-80.028h97.259V345.537z    M240.984,240.984h-97.315c0.911-28.834,4.602-56.605,10.828-82.201c27.198,3.4,56.366,5.468,86.487,6.06V240.984z    M240.984,134.808c-27.146-0.547-53.403-2.317-77.958-5.205c4.591-13.292,9.941-25.768,16.022-37.215   c17.551-33.032,39.128-53.86,61.936-60.249V134.808z M450.717,141.18c17.874,30.193,28.427,64.199,30.749,99.804h-83.088   c-0.889-29.844-4.584-58.749-10.85-85.647C410.661,151.601,431.984,146.848,450.717,141.18z M415.783,96.216   c6.029,6.029,11.661,12.349,16.914,18.91c-16.073,4.389-33.972,8.114-53.204,11.112c-5.548-17.208-12.243-33.305-20.02-47.941   c-6.579-12.382-13.758-23.391-21.43-32.969C366.845,56.535,393.273,73.705,415.783,96.216z M271.016,271.016h97.259   c-1.004,28.268-4.686,55.49-10.81,80.612c-27.194-3.381-56.349-5.43-86.449-6.006V271.016z M271.016,240.984v-76.041   c30.005-0.394,59.257-2.261,86.656-5.464c6.125,25.403,9.756,52.932,10.659,81.505H271.016z M271.014,32.139h0.001   c22.808,6.389,44.384,27.217,61.936,60.249c6.178,11.627,11.601,24.318,16.24,37.848c-24.763,2.712-51.108,4.309-78.177,4.674   V32.139z M271.016,478.115V375.657c27.12,0.532,53.357,2.286,77.903,5.156c-4.579,13.232-9.911,25.654-15.967,37.053   C315.4,450.898,293.824,471.726,271.016,478.115z M415.783,415.784c-23.051,23.051-50.21,40.496-79.821,51.678   c8.457-10.156,16.34-22.011,23.51-35.504c7.62-14.341,14.198-30.088,19.68-46.906c19.465,3.213,37.473,7.186,53.515,11.859   C427.424,403.457,421.801,409.765,415.783,415.784z M450.606,371.009c-18.635-5.991-40-11.032-63.326-15.01   c6.296-26.68,10.048-55.36,11.041-84.983h83.146C479.139,306.694,468.549,340.769,450.606,371.009z\"><\/path>\t<\/g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><g><\/g><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">https:\/\/www.coface.us\/<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By: Coface Author: Laurine Pividal Coface Southern Europe Economist Can Spain\u2019s key sectors withstand the pressure of shifting U.S. policies? &hellip; <a href=\"https:\/\/desarrollo5586.live-website.com\/en\/spain-us-trade-relations-tariffs-export-risks\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Spain\u2019s Trade Ties with the U.S.: Navigating Tariffs and Sector Vulnerabilities<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":46153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[156],"tags":[],"class_list":["post-46136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Spain\u2019s Trade Ties with the U.S.: Navigating Tariffs and Sector Vulnerabilities - Spain-US Chamber of Commerce in Miami<\/title>\n<meta name=\"description\" content=\"Discover how Spain U.S. trade relations are shifting amid rising tariffs. 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