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The Economic Times

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Trump cuts off US' trade ties with a key NATO partner

US President Trump announced a halt to all trade with Spain. He cited Spain as a poor partner within the NATO alliance. The U.S. leader expressed frustration with Spain's defense spending and base access. Treasury Secretary Scott Bessent received immediate orders to enact the trade restrictions. This action follows past U.S. consideration of punishing allies for perceived lack of support.

8 Jul 2026 2:29 pm