The trade relationship between United States and Spain has entered a zone of turbulence. The US Federal Maritime Commission (FMC) has concluded that the Spanish Government imposed unfavorable conditions on US-flagged vessels, which has triggered a proposal for forceful economic reprisals.
Economic impact and proposed sanctions
The US government does not plan to stand idly by. The proposed measures seek to compensate for the inefficiency and lack of reliability generated in the international supply chain.
| Proposed Measure | Detail / Amount |
|---|---|
| Tariffs on vessels | 200,000 dollars per Spanish-flagged vessel |
| Scope of fees | Applicable to all Spanish vessels in US ports |
| Trade restrictions | Limitation on the import of specific products |
Spanish products in the crosshairs
The trade offensive is not limited to the maritime sector. The US is evaluating restricting the entry of various Spanish products, affecting key industrial sectors:
- Cosmetics and Perfumery: Luxury and personal care sector.
- Food: Oils, sugar, and confectionery.
- Construction and Decoration: Ceramics and stone items.
Currently, the FMC has opened a public consultation period to evaluate the final impacts of these measures and define the final solution to what they consider a violation of international maritime conditions.
Source: IMAGO