PREVIEW

Trump Threatens Trade Embargo on Spain Over Iran Base Dispute. President Donald Trump on Tuesday threatened a full U.S. trade embargo against Spain after Madrid refused to allow American forces to use its military bases for operations linked to strikes on Iran. Speaking alongside German Chancellor Friedrich Merz, Trump said he had instructed Treasury Secretary Scott Bessent to review cutting off trade ties. He also criticized Spain for not meeting NATO’s proposed 5% defense spending target. The U.S. had relocated aircraft from bases in southern Spain after the government of Prime Minister Pedro Sanchez declined to support missions connected to Iran. Merz responded that Spain, as a European Union member, cannot be singled out in trade negotiations with Washington. Trade Representative Jamieson Greer said the administration would assess available legal tools. Spain said it would defend its economic interests while continuing to support free trade. Despite Trump’s warning, U.S. data shows Washington ran a $4.8 billion trade surplus with Spain in 2025.
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