Trump's tariffs spark strong response from Spain, Finland, Moldova

Spain's Prime Minister Pedro Sánchez has condemned the US tariffs, calling them a "return to 19th-century protectionism" and emphasized that such measures are not a sensible way to address 21st-century challenges, Caliber.Az reports, citing foreign media outlets.

At a special summit with economic sectors affected by the US trade tariffs, Sánchez unveiled a comprehensive plan to mitigate the consequences, which includes a government-backed economic defense initiative worth 14.1 billion euros. Of this, 7.4 billion euros will be allocated as new funds, with the remaining amount sourced from previously allocated economic protection measures.

Finland’s concern over potential economic impact

Prime Minister Petteri Orpo of Finland expressed serious concerns over US President Donald Trump’s decision to introduce higher tariffs on European Union goods. Orpo warned that the tariffs would negatively impact economic growth, businesses, consumers, and employment within Finland. The Finnish government, in collaboration with the European Union, is actively seeking ways to prevent these tariffs from taking effect. Orpo stressed the importance of finding a diplomatic resolution but acknowledged that Finland is prepared to take action should the tariffs be imposed.

Moldova's strategy to support exporters

Moldovan Prime Minister Dorin Recean has pledged support for local manufacturers and exporters who may be affected by the US tariff hikes, which will impact a small portion (2.5%) of Moldova's exports. Most of Moldova’s exports are directed to the EU. Recean acknowledged the challenges faced by local producers striving for access to the US market and confirmed that the government would assist in maintaining their competitiveness. However, he emphasized that Moldova would continue its strong strategic partnership with the United States, viewing the tariff increases as an effort to balance trade.

Background

​On April 2, 2025, President Donald Trump unveiled a comprehensive trade policy during a speech in the White House Rose Garden, designating the day as "Liberation Day." This policy introduces a baseline 10% tariff on all imports to the United States, effective April 5, 2025, with additional country-specific "reciprocal" tariffs targeting nations with perceived unfair trade practices, set to begin April 9, 2025. ​

By Khagan Isayev