Bank of Spain warns of potential economic impact from U.S. tariffs


  • World
  • Wednesday, 21 May 2025

MADRID, May 20 (Xinhua) -- The Bank of Spain has warned that recently imposed U.S. tariffs may weigh on the country's economic growth, although the overall impact is expected to be limited.

In its annual report released Tuesday, the central bank said that Spain remains exposed to the risks of heightened global trade tensions. Separately, BBVA Research, the economic analysis unit of Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA), projected that the new tariffs could reduce Spain's gross domestic product growth by 0.3 percent in 2025.

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