The Basque Government will set up tariff tables on steel, machine tool and automotive
In the absence of the 'last picture' of the tariff map, the Basque Government estimates that ACV exports to the US could cost an extra EUR 349 million, while sales could fall by around EUR 700 million, with GDP falling by 0.33%.
The Basque Government's Industry Advisor, Mikel Jauregi, has announced the launch this month of three sectoral tables, which he has described as "priority" because of the impact that Trump's tariffs may have on them: steel, advanced manufacturing and automotive.
At a press conference held this Thursday in Bilbao, the Councillor explained that, as the agreement between the US and the EU is being clarified, a more in-depth analysis of the impact can be carried out, for which the tables will be set up, in which representatives of the Basque Government, Member States, chambers of commerce, business organisations and tractors will participate.
In an initial analysis of the potential impact of tariffs on the Basque industry, Jáuregui recalled that exports from the Basque Country to the United States amounted to €1,991 million last year, especially in high-value-added products.
In the absence of the 'last picture' of the tariff map, the Basque Government estimates that exports from the ACV to the US could cost around EUR 349 million , while sales could be reduced by aroundEUR 700 million , with GDP falling byapproximately 0.33%. The sales reduction would be 22-27% on affected products.
By sector, the Basque steel sector allocates 13% of its exports (a total of EUR 261 million) to the US, and the imposition of a 50% tariff "puts Basque companies in an almost total loss of competitiveness".
Advanced manufacturing (machine tool) exports 272 million to the US, 15% of total exports in the sector. In this area, although the final product has a 15% tariff, many components have a 50% tax, which has an impact on competitivity.
The situation of the Basque car industry will also be discussed at a special table. In fact, although direct sales to the US are only 3%, it has high indirect exposure because it is integrated into the supply chains of France and Germany, the main European exporters of vehicles to the US. Jáuregui has also stressed that the transition to electric vehicles, regulatory pressures and the slowdown in demand in Europe's "weakening" automotive industry makes the sector even more vulnerable.
The first meeting to be held next Monday at the Miñano Technology Park (Álava) will be that of the steel table, and the next will be those dedicated to the automotive and machine tool industry, both in Bilbao on 22 and 29 September respectively.
You might like
DHL Express has laid the foundation stone of the future hangar at Vitoria airport
The company plans to take a giant step with a 6,600-square-foot ship, along with more than 13,000 square meters of outdoor facilities, making it the second largest DHL hangar on the European continent.
The chain's first fully manufactured electric car leaves the multinational Volkswagen plant in Landaben
Škoda Epiq is the first fully manufactured electric car in Pamplona and Volkswagen Navarra will continue to manufacture T-Cross and Taigo combustion models.
The Council of Álava will have the final say on whether or not summer camps are held in Bernedo, according to Berriozabal
Interviewed on Radio Euskadi , the president of the Araba Buru Batzar of the PNV, Jone Berriozabal, has said that it is "worrying" that, following last year's complaints about the summer camps in Bernedo, 200 families want to take their children to this camp.
Igor Arroyo: "Everyone must be able to learn Basque, but in order to stabilize their knowledge in the public service it is necessary"
The general coordinator of the LAB union has criticized the CC.OO. union for its attitude towards the Euskera. In his opinion, this union has made a "big mistake", not only because it takes CC.OO away from ELA and LAB, but because it takes it away from the "Basque workers".
The Navarre government will contribute 50 million euros to the company it will create with the Chinese company Hithium
The battery and power storage plant will initially create 700 jobs, and in a second phase the number could reach 1,000 workers.
Nadia Calviño has stressed that the Basque Country is a "good customer" of the European Investment Bank, promoting innovation in various areas
Arantza Ruiz, Director of Information at EITB Media, has interviewed Nadia Calviño, President of the European Investment Bank, on the "12 Minutes" programme of A0ETB2.
Medical Director and Deputy Medical Director of Cruces University Hospital resign
According to EITB, both resignations fall within the context of the medical strike and the assistance pressure that the stoppages are causing.
The Government approves the broad outlines of the 2027 budget, with growth projected at 1.6 per cent
The Finance and Finance Adviser, Nöel d'Anjou, has explained that the priority will be to strengthen basic public services, health, education, housing, security and social services.
Medical unions call for a rally in front of the Ministry of Health on June 15
The six medical unions on the strike committee maintain the call for a strike from 15 to 19 June and express their willingness to meet with the Ministry of Health whenever there is a real negotiating will and concrete proposals are on the table.
Talgo has reached a volume of orders of EUR 6.3 billion, the highest in its history, and aims to double its production capacity
The company has announced the creation in the Basque Country of a corporate research unit integrated into the Basque Network of Science, Technology and Innovation.