Spain's Cautious Support for EU-US Trade Deal

Spain's Prime Minister, Pedro Sanchez, expressed measured support for the newly inked trade agreement between the European Union and the United States. This statement came on the heels of the European Commission's efforts in finalizing the deal, which has garnered mixed feelings across the continent.

Announced on Sunday, this agreement involves two of the world's largest economies and aims to fortify trade relations while imposing a 15% import tariff on most EU goods entering the U.S. Though this tariff is half of what was initially threatened, it remains above the expectations of European negotiators.

Sanchez's remarks underline a cautious optimism, acknowledging the constructive efforts behind the agreement while maintaining a wary stance due to the elevated import tariffs imposed on European exports.

(With inputs from agencies.)