Connect with us

Economy

China woos Spain amid tariff tensions

Published

on

Spanish PM Pedro Sánchez and China President Xi Jinping.

Chinese President Xi Jinping, on Friday April 11, 2025, urged Spain to support global cooperation and multilateralism.

He made the call during a close meeting with Spanish Prime Minister Pedro Sánchez in Beijing.

According to reports, Xi said both nations must promote peace, security, and shared development.

He did not mention U.S. President Donald Trump or the rising tariffs.

But he warned of global risks that require unity and cooperation.

The visit comes as tensions grow between the U.S. and China over tarriff.

Trump announced tariffs of up to 145% on Chinese goods recently

Economic analysts believe this could push Europe closer to China’s market.

Sánchez is visiting China for the third time in two years.

He seeks more investment from Chinese firms in energy and battery sectors.

He also met business leaders producing renewable energy and electric batteries.

Sánchez later said the EU needs balanced ties with China.

He called for dialogue and cooperation to solve differences.

“Trade wars help no one,” he told reporters after the meeting.

Spain hopes to diversify trade as U.S. tariffs hit European goods.

Washington has warned Europe against getting closer to China.

U.S. Treasury Secretary Scott Bessent said such moves hurt Europe’s economy.

But Spain’s Agriculture Minister, Luis Planas, disagreed.

He said expanding trade with China does not harm anyone.

“Every country must defend its interest,” he said in Vietnam.

Spain trades less with China than Germany or Italy.

However, Chinese investment in Spain has grown in recent years.

Spain also softened its stance on EU tariffs on Chinese electric vehicles.

See also  Risks associated with overeating after Ramadan

It abstained from a vote to increase them.

China imports 20% of its pork from Spain, according to Interporc.

Spain relies on Chinese solar panels and raw materials for clean energy.

In December, China’s CATL signed a €4.1 billion battery deal in Spain.

Other firms like Envision also signed green energy deals.

Trump’s earlier 20% tariffs on the EU dropped to 10% for 90 days.

The bloc still faces 25% duties on steel, aluminum, and cars.

Xi’s meeting with Sánchez may shift Europe’s economic direction.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

2027 is not about political parties but about Nigeria’s survival – COPDEM Students Network.

Natasha Accuses Akpabio of Vendetta, Says Senators Opposing Her Should Be in Jail

NDLEA operative shot dead during Ondo drug raid

Aisha Yesufu blasts police, calls them shameless tools of oppression

Obama Fires Back: Trump’s ‘Treason’ Claim Called ‘Bizarre, Ridiculous’

Tension in Imo Community as bandits kill two persons, TPM raises Alarm …calls for security, ,Govt intervention

Last Minute Alozie Magic! Super Falcons Soar into WAFCON Final, Banyana Hearts Broken

JUST IN: Trump Calls for Obama’s Arrest Over ‘Treason’ Claims

EFCC declares Chinese national, Ji Zhou, wanted for cybercrime, impersonation

Igbo youths demand Nnamdi Kanu’s release, threaten 2027 boycott

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks