Trump Threatens to Stop Trade With Spain, Stock Index Drops 2.7%

Trump threatened to halt trade with Spain on Wednesday, re-escalating tensions over NATO spending and Iran policy. Spain's benchmark stock index fell 2.7%, marking the biggest one-day decline since March when Trump last threatened a trade embargo on the nation. The premium investors demand to hold Spanish government debt relative to Germany's also climbed to its highest level this month, reflecting increased risk perception.
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