US President Donald Trump has proposed cutting off trade
relations with Spain, citing public opinion as a consequence of the
deterioration of bilateral relations during the administration of the radical
leftist Spanish Prime Minister, Pedro Sánchez.
Should such a measure be implemented, Spain could face
negative impacts in sectors considered strategic due to its close trade
relationship with the United States. The energy sector is particularly
noteworthy, as approximately 15 percent of the oil and 15 percent of the
natural gas consumed by the European country come from the US market,
solidifying the United States as one of its main energy suppliers.
In addition to energy supplies, trade between the two
nations reached a value of nearly €17 billion in 2025 in Spanish exports to the
US market, making the United States one of the main destinations for Spanish
products outside the European Union.
Experts believe that, should trade restrictions be imposed,
the pharmaceutical and chemical sectors would be among the most vulnerable, due
to the high volume of transactions and the integration of supply chains between
the two markets. Added to this is the agri-food industry, particularly olive
oil, whose exports to the United States represent approximately €730 million
and constitute a significant source of income for Spanish producers and
companies.
A potential tightening of trade relations could also impact
investment, job creation, and the stability of various Spanish productive
sectors, which is why business leaders and analysts are closely monitoring
developments in the relationship between Washington and Madrid.