Spanish Government on Trump threat to cut trade, says US must comply with international law and bilateral EU-US trade agreement

Spanish Government on Trump threat to cut trade, says US must comply with international law and bilateral EU-US trade agreement.

Spain's government response to Trump’s trade threats underscores rising tensions in international trade relations. This could signal potential volatility in FX markets, particularly for the USD and EUR, as traders digest the implications on existing trade agreements and tariffs. Monitoring sentiment around trade will be crucial, especially for risk assets.