Castilla y León, the first community that implies measures to mitigate Trump’s tariffs

Castilla y León arrives with the duties done to the Trump tariff block. Just a few hours after the American president made his threat effectively, the executive of Alfonso Fernández Mañueco, has launched nine measures per initial amount of 16.5 million to mitigate the effects of the barriers to the world of the world of the US president.

The Minister of Economy and spokesman of the Regional Government, Carlos Fernández Cariedo, has recognized that the regional executive “had been preparing an answer after Trump’s ads upon arrival at the White House with meetings with business organizations and representatives of the sectors that could be most affected, such as agri -food or automotive, both for tariffs and for the deceleration of world trade that will cause.

Castilla y León is a purely export community. In fact, last year he led in Spain the growth of foreign sales- with a 16% rise to more than 20,000 million euros. Of these, about 600 million come from the North American market.

Fernández Cariedo has noticed after the Governing Council Meeting for the approval of a comprehensive strategy to mitigate the effects of tariffs and the slowdown in international trade, with nine lines of action for an amount of 16.5 million euros. This framework of action and its financing are added to the forecasts included in the V current Internationalization Plan, which provides for an investment of 97 million euros.

The first of the new measures is the authorization of a financial line for exporting companies to have a circulating to open new alternative markets. With a provision of one million euros it will also serve to face tariff costs. The amount will range between 6,000 and 500,000 euros, with amortization deadlines 12 to 60 months and up to 24 months, at a maximum interest rate of Euribor +1.75% with a maximum total bonus of 2.5%.

Cost savings

In addition, a financial line of support for energy efficiency in the value chain is promoted. With an approximate amount for exercises 25/26 of 2,000,000 euros, companies will be beneficiary for exporting basis for the reduction of costs in the manufacture of goods, promoting the internationalization of products affected by tariff policies. This line, called Energy Fund and Sustainability, will finance investment and circulating projects aimed at reducing energy consumption and CO2 emissions, including electrical and thermal self -consumption projects and renewable energy storage. The amount will range between 6,000 and 500,000 euros, with deadlines of 12 to 180 months and up to 24 months of lack, at a maximum interest rate of Euribor+1.75% with a maximum total bonus of 2.5%.

Thirdly, a line of advances of up to 50% of the aid granted to companies is established. With a provision of 1,000,000 euros for exercise 2025/2026, innovation projects on product or process destined for international markets that already have a favorable resolution will benefit.

A progressive process of administrative simplification of internationalization support lines will be implemented, with an approximate amount of 3,000,000 euros for this year and the next one. It includes the anticipated payment of individual resolutions so that companies have the necessary circulating capital in their operations abroad.

Fifth of creating a risk diversification line with the opening of new markets. With an estimated economic endowment of 5 million euros, the identification services of potential clients are extended and direct missions agendas to alternative markets such as the EU, Canada, Mexico, the Caribbean, Dominican Republic, Qatar and the United Arab Emirates will be designed.

The Fernández Mañueco executive will also strengthen the external network already deployed in the priority markets defined above, both face -to -face and through participation in various modalities of foreign promotion. The approximate amount for 2025/26 exercises is 500,000 euros.

Likewise, an information pole will be developed, a specialized center to inform companies about the new procedures and regulations established by the different administrations that impose tariffs on the export of their products and services. The approximate amount for 2025/26 exercises is 200,000 euros.

In eighth, the Board will display different sector promotion measures initially endowed with 3,400,000 euros to adapt the sectors to the new international challenges. Finally, the actions will be intensified to attract factories of companies that now export to the EU to be installed in Castilla y León.

A damage to all

Fernández Cariedo has criticized Trump’s tariff policy “which is a damage to everything, limits worldwide prosperity, increases inflation and punishes the most disadvantaged.” Despite this, he has considered “favorable” that the imposition of obstacles is generalized “because it will allow a common response from the European Union.”

However, he has recognized that from the quantitative point of view “he will harm those territories that have a greater internationalization of their economy, as is the case in Castilla y León, although not all sales abroad will be lost.” In this sense, he has recognized that the impact of Trump’s measures “will have a second round effect because there will be greater competition in the European market.”

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Castilla y León, the first community that implies measures to mitigate Trump’s tariffs