Overview

• Economy minister Carlos Cuerpo wrapped up initial sessions with consumer-goods and industrial-product working groups to assess the EU–U.S. tariff agreement’s implications.
• Follow-up meetings were set for August 27 with food and chemicals/pharmaceutical sectors and for August 28 with equipment and electrical-material groups.
• Madrid is gathering data on direct and indirect effects of recent U.S. tariffs on Spanish exporters to guide updates to the Plan de Respuesta y Relanzamiento Comercial.
• Spanish agrarian unions COAG and UPA condemned the pact and signaled coordinated protests timed to the EU Agriculture Council on September 22.
• The EU–U.S. framework caps most tariffs at 15%, with any reduction in U.S. duties on vehicles tied to expanded access for American agricultural products, a linkage farm groups say threatens EU standards.