Houston (USA), June 12 (EFE).- Spain’s Minister of Economy, Trade, and Enterprise, Carlos Cuerpo, described the country’s economic growth as enviable despite the pressures from the tariff conflict with the United States. “The image that international investors and authorities from other countries see is one of envy regarding the positive evolution of our economy,” the official told EFE during a meeting with American and Spanish business leaders in Houston, Texas.
Cuerpo reiterated the government’s forecast of 2.6% economic growth for 2025, despite the impact and uncertainty caused by Washington’s tariff policies. This comes after the Bank of Spain lowered its projection for the year to 2.4%. “The overall impact is offset by strong domestic demand and private consumption, ensuring Spain remains the fastest-growing advanced economy this year,” he stated.
One strategy to mitigate tariff uncertainty is supporting companies operating in the U.S., with over 14 billion euros in financing made available as public support. “We aim to minimize the impact through decisive action to help companies maintain and expand their presence in the U.S. while also seeking alternative markets,” Cuerpo explained.
Negotiations between the European Union and the Trump administration have been strained after the U.S. president announced a 50% increase in steel and aluminum tariffs. Brussels has rejected this decision as the July 9 deadline approaches, after which tariffs on European products will take effect unless an agreement is reached.
During the Houston meeting, Cuerpo conveyed a message of “confidence and support” to over 170 companies, including 40 Spanish firms such as Banco Santander, Grifols, and Acciona, alongside U.S. entities like Blue Origin, PNC Bank, and Axiom Space.
— new from Hola News