The European Union is set to impose counter-tariffs on €26 billion ($28 billion) worth of U.S. goods starting next month, following the United States’ tariffs on steel and aluminum imports. The European Commission announced the move on Wednesday, marking a significant escalation in global trade tensions.
On the streets of Madrid, residents are expressing support for the EU’s decision while voicing concerns about the potential fallout of a trade war. Many believe the EU has little choice but to respond to protect its economic interests.
“The trade war is inherently bad,” said Ignacio, a local resident. “Any retaliation always carries the risk of triggering more retaliation.”
Others share Ignacio’s apprehension but agree that standing firm is necessary. “We need to defend our industries,” said Maria, a university student. “But I worry about the long-term effects on our economy and job market.”
The sentiment among Spanish youth reflects a broader concern about the impact of escalating trade disputes on the global economy. While supporting the EU’s position, many hope for a diplomatic resolution to prevent further economic instability.
