Spain sees impact of various tenths of percentage points in GDP due to U.S. tariffs
MADRID, April 4 (Reuters) - The impact of the series of tariffs announced by US President Donald Trump on Wednesday may have a negative impact on Spanish gross domestic product of various tenths of a percentage point, Economy Minister Carlos Cuerpo said on Friday.
He said Spain's direct exposure to the U.S. is lower than other European Union members, but the slower world trade may harm other economies around the world and, indirectly, his country.
Spain on Thursday announced a financial package of loans and direct aid worth 14.1 billion euros ($15.55 billion) to help companies weather the impact of new U.S. tariffs, one of the few major economies to offer a concrete solution.
Spain currently expects GDP to expand 2.6% this year.
($1 = 0.9065 euros)
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