The direct effect of the war of the maximum fees between the US and China will not be negative to the Spanish economy Loss of confidence in families and institutions (Business uncertainty can affect their cost and investment results) and developed Financial tensions (Falls on the stock market, risk rises from premium …). The warning has begun in its recent annual report, in which a maximum of two -tenths of GDP is in the second place in three years in three years of direct impact and tariffs.
For both the Spanish economy and the euro region, the ‘conspiracy’ if it is hard to harden financial conditions or affects the confidence of economic agents by increasing business tensions “The quantity is the most important If this disruption is only spread through the commercial channel, the decline in the increase in fees is a decline, ”the company says.
The amount of Spanish foreign trade with the United States is greater than 4% of GDP, which is less than the other major economies in the Euro region. In spite of this, Spain’s indirect exhibition for that country is high because of the integration of the economy in global value chains or relying on tourism. In fact, the world’s first economy The first non -European travelers to Spain.
In 2023, before the last turns of the US business policy, Spain’s economy describes the average useful fee of the country to 3%of the average useful fee of the country. In the current payment phase, the global rate was 10% and another noted for steel, aluminum and vehicles, The average useful fee has increased to 12%. “This is already an impoverished nature,” said Angell Gavilan, general director of the economy of Spain’s Bang.
If the US administration announced on April 2 (20% of the EU), it will increase the medium useful fees that support Spain’s economy in its exports to this country will increase to 18%.
In any case, the ultimate impact Depending on the increase in fees on the amount of exports of Spanish companiesAmong other factors, the sensitivity of the need for American goods, the ability to repair the other parts of the world (other parts of the world), and the possibility of finding alternative export markets to the United States or their product offer.
In the introduction of the report, Governor Jose Louis Esgiriwa is attracted to how strong the geopolitical and business tensions are, considerable Unpredictability National and internationally (including its fee, financial and regulation policy, its role in multi -regional organizations and the institutional structure of its public administrations and independent agencies).
Escirway illustrates a decline in the sensitivity of the level of confidence of economic agents. “All these factors resolve the perspectives of global development and the dangers of the stability of the international financial system,” he says.