There is no doubt that the change in the USA presidency has helped improve its trade relations with Spain. The recent announcement of the postponement of the increase in tariffs on Spanish footwear was joined a few days ago by the agreement around the G7 to achieve fiscal harmonization for large multinationals. In addition to these announcements, on June 15, the suspension for five years of the special tariffs that were levied on Spanish products such as wine or olive oil at the United States borders. This pressure measure was implemented in retaliation for the Airbus-Boing conflict, a trade dispute with the European Union for the past 17 years.[gallery ids="28268"]
During a crisis, and more the current one that involves health and the economy, cyclical stocks are the ones that suffer the most uncontrolled variations and without prior warning. The large steel companies have held out on the Ibex 35 with strength but the evolution of the pandemic year has caused decreases in the stock of raw materials, which has a direct impact on demand, assuming exorbitant price increases that are difficult to assume for limited productions in the face of the drop in orders, since the population has limited movements and social relations.