“We hope that the Administración American consider that the Agreement reached between Estados Unidos y Europa last summer it is still valid, because otherwise a commercial war "It would be very detrimental to everyone between the two," he stated. Antonio Bonet, Chairman of the Club de Exportadores.
In the medium term, the role of Congreso U.S. will be key to defining the general tariff policy that applies Estados Unidos“The fact that the new tariffs must be approved since Congreso It introduces greater institutional control and should contribute to a more predictable business environment"Moving away from the random and erratic tariff policy practiced until now," he explained. Bonet.
Furthermore, in the medium term, the Club remember that the Administración The American has raised approximately 140.000 billion euros in tariffs between April 2025 and February 2026, and the big question is when those funds will be returned to the American importers. As the president of the Club de Exportadores, “this will imply increased public spending and therefore an increase in the deficit, but also an injection of demand into the American economy.”
| Economic Concept (USA) | Period / Value |
|---|---|
| Revenue from tariffs | 140.000 millones de euros |
| Collection period analyzed | April 2025 – February 2026 |
| Expected impact | Increased public spending and deficit |
This additional boost, he explains, “can translate into more GDP growth, in the expansion of the US market and, consequently, in new opportunities for exporting companies that operate or wish to operate in Estados Unidos".
El Club de Exportadores e Inversores calls for closely following the debate in the Congreso American, since the Spanish and European authorities accompany this process with a active strategy for defending interests and support for the internationalization of companies.
Club of Spanish Exporters and Investors
Key points and frequently asked questions about this analysis
What risks currently exist in the trade relationship with the US?
The main risk is the breakdown of the agreement reached last summer, which could unleash a trade war damaging to both Europe and the United States if the Trump Administration does not validate it.
Why is a more predictable tariff framework expected?
Because the requirement that new tariffs be approved by Congress introduces institutional control that reduces the randomness and erratic policy seen previously.
How might the refund of tariffs affect Spanish companies?
The return of the 140.000 billion euros collected will inject demand into the North American economy, which could raise GDP and open up new business opportunities for Spanish exporters.
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