The general secretary of CECAM, Mario FernándezThe US president's announcement was described as "bad news for businesses in our region." The imposition of 20% tariffs on European products poses a serious threat to the economy of Castilla la Mancha, a region highly dependent on its exports.
"In 2024, we exported a total of 350 million to the United States out of a total of 10.600 billion that we exported to the foreign markets"And therefore, sectors such as wine, olive oil, and the agri-food sector in general, are going to be negatively affected," he pointed out. Mario FernandezThe dependence of certain sectors on exports to the United States makes them very vulnerable.
According to the Secretary General of CECAM, this tariff measure is the "beginning of a trade war, which is negative for everyone, not only for the countries on which the tariff is imposed, but for the United States as well."
The consequences of this trade war could be catastrophic.with forecasts pointing to a loss of productive capacity of up to one and a half percentage points of US GDP, an increase in prices and inflation, and even the possibility of a recession.The United States would be in the worst possible scenario"That's stagflation," Fernández warns.
Faced with this situation, CECAM has made a urgent call to the European Union so that it "establishes the necessary mechanisms to attempt a path of negotiation that leads to an agreement that does not harm businesses." Should the US position remain "unchangeable" after April 9, CECAM urges the EU to "establish a series of solid and unified measures, in which the countries of the European Union confront this threat."
The repercussions of these tariffs go beyond the economic sphere and could have a significant impact on the social fabric of Castilla-La Mancha, given the high level of dependence of its citizens on jobs provided by companies in the affected sectors.
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