Overview

• Sánchez concluded his Cono Sur tour in Asunción with a bilateral meeting with President Santiago Peña and remarks to business leaders.
• He labeled President Trump’s reciprocal tariffs “injustificadas e injustas” and urged a unified European countermeasure.
• He unveiled a rapid-response trade package mobilizing €7.4 billion and tapping €6.7 billion from existing EU instruments.
• He pressed EU member states to ratify the EU-Mercosur agreement as a “hito fundamental” to reinforce multilateral trade.
• Spain and Paraguay signed a circular migration pact while he spotlighted Spanish firms’ $674 million in Paraguayan infrastructure investment.