Trade war is a ‘zero-sum game,’ Spain’s PM warns, as Trump threatens EU with tariffs

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Trade war is a ‘zero-sum game,’ Spain’s PM warns, as Trump threatens EU with tariffs

Spanish Prime Minister Pedro Sanchez speaks at a press conference in Kunshan, Jiangsu province, China September 11, 2024. 

Xihao Jiang | Reuters

A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday.

“We share a strong transatlantic bond …our economies are very interlinked and I believe a trade war is not in the interest [of either party] neither for the U.S., neither 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 a kind of a zero-sum gain,” he added.

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