Spanish Prime Minister Pedro Sanchez is set to unveil an emergency economic plan today to support sectors affected by the United States’ recent tariff imposition. Economy Minister Carlos Cuerpo announced on Thursday that the strategy includes an “immediate safety net” and a “relaunch strategy” designed to shield Spain’s economy from the adverse effects of the new trade duties.

The announcement comes in response to the 20% tariffs imposed by US President Donald Trump on goods imported from the European Union, a move that has drawn criticism from EU leaders. Spain, like many of its European counterparts, views the trade measures as harmful to mutual economic interests and global trade stability.

The Spanish government’s protective measures will be detailed later today at the Moncloa Palace, forming part of a broader contingency framework. This national initiative will supplement actions already underway at the European Union level, aimed at formulating a collective response to the US tariffs.

“The government is committed to protecting our industries and ensuring economic stability during this time of heightened trade tensions,” said Economy Minister Carlos Cuerpo. He reiterated Madrid’s disapproval of Washington’s unilateral trade policy but emphasized that Spain remains open to dialogue with the White House in hopes of reaching a diplomatic solution.

Cuerpo highlighted that the sectors most likely to be affected by the US tariffs include agriculture, manufacturing, and automotive industries—areas crucial to Spain’s exports and employment. The forthcoming package is expected to include financial relief, export support, and regulatory measures to help affected businesses absorb the shocks.

Spain’s initiative is in line with similar actions taken or planned by other EU member states, as the bloc works to present a united front in addressing the fallout from President Trump’s aggressive trade policies. EU leaders have pledged to pursue both countermeasures and continued diplomatic engagement to prevent a full-blown trade conflict.

The unveiling of Spain’s plan signals a proactive approach to managing the economic impact of transatlantic trade tensions, as the government aims to safeguard jobs, maintain market confidence, and defend national economic interests.