Legal & Regulatory Implications for Spanish Companies with Operations in the United States Amid Increasing Bilateral Trade Tensions
On Wednesday, July 8, 2026 at the NATO Summit, President Donald Trump announced his intention to “cut off all trade with Spain” due to disagreements over defense spending. He further indicated that he had instructed Treasury Secretary Scott Bessent to evaluate and implement corresponding measures within the applicable legal framework. Although any action of this nature would face significant legal, and regulatory constraints, as well as constraints arising from US…

