G7 & Spain

G7: The G7 nations have pledged to diversify away from China, adding momentum to the European Union's efforts to counter the trade imbalance. They are discussing plans to tackle the China threat, potentially including higher tariffs.

Spain: Spain is deepening its position as a European hub for Chinese automotive imports and production, making confrontation with China potentially damaging for its economy.

G7: The G7 summit was a venue where French President Emmanuel Macron reiterated France's stance on its digital tax, highlighting the international dimension of this trade dispute.

Spain: Spain imposes a 3% digital services tax on large companies, making it one of the countries that could face retaliatory tariffs from the United States.