Overview

• On August 26, Economy Minister Carlos Cuerpo described sessions with consumer-goods and industrial-goods working groups as very constructive.
• Officials reviewed four months of U.S. tariff effects on Spanish exporters to capture both direct and indirect impacts.
• Findings will guide potential new measures to be incorporated into the April-approved Plan de Respuesta y Relanzamiento Comercial totaling €14.32 billion.
• Further meetings are scheduled for August 27 with food and with chemicals and pharmaceuticals, and for August 28 with capital goods and electrical equipment.
• The consultations follow last week’s formal EU–U.S. agreement capping most tariffs at 15%, while any reduction for vehicles remains conditional on greater access for U.S. agricultural products.