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The trade war is a ‘zero-sum game’, the Spanish prime minister warns, as Trump threatens EU tariffs
Spanish Prime Minister Pedro Sanchez speaks at a press conference in Kunshan, Jiangsu province, China on September 11, 2024.
Xihao Jiang | Reuters
A trade war is not in the interest of the European Union or the US, Spain’s prime minister told CNBC on Wednesday.
“We share a strong transatlantic bond…our economies are very interconnected and I believe a trade war is not in our interest [of either party] neither for the US, nor for the European Union,” Pedro Sanchez told CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.
“A trade war is kind of a zero-sum win,” he added.
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