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How does Trump’s re-election affect Spain? The oil and wine sectors, the most affected during his first mandate

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How does Trump’s re-election affect Spain? The oil and wine sectors, the most affected during his first mandate

Donald Trump will be the next tenant of the White House. The Republican, already president-elect of the United States, has a clear vision on exports and pricing policy which can pose a threat to products arriving in the North American country, for example Spain.

Because already during his first mandate, Spanish companies dedicated to oil and wine did quite badly. “A survey by the Spanish Wine Federation indicates that 97% of us had suffered”, » says Enrique Murillo, Americas sales director of “González Byass”.

There are several options regarding this more than possible increase in prices. Here’s how Jordi Llorens, from “Can-vi”, explains it: “Maybe only 10% will be approved, maybe 20… “There are many possibilities.”

What we do know is the type of relationship between Spain and Trump. Sánchez, President of the Government, described the Republican Party as “convicted former president” at the same time as he wondered “where is democracy going in the United States.” For his part, Trump is clear about his political preferences: “Santiago Abascal, thank you very much.”

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