15:25⇢Trump Excludes Tech From Reciprocal Tariffs As Markets Reel
⌨The newspapers report on Trump's tariff policies, with recent headlines revealing his exclusion of phones, computers, and chips from reciprocal tariffs (RTVE, El Periódico). Spanish media frame these tariff decisions as erratic and potentially accelerating American hegemonic decline (El País), with some characterizing it as Trump's "capitulation" comparable to Liz Truss's economic failure (El Salto). The tariff implementation has severely impacted Spanish companies, particularly Repsol, steel companies, and banks (El Mundo). Meanwhile, Spain has proposed an EU common fund to immediately increase defense spending (El Español, 20minutos), while Italian PM Meloni's approach to calming Trump is characterized as a "dangerous poker game" (El Confidencial).