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SA-US relations — a new worst-case scenario | SA News

During his bilateral meeting with German Chancellor Friedrich Merz in the Oval Office on Tuesday, 3 March, US President Donald Trump threatened to cut off trade with Spain. Markets reacted immediately, with the iShares MSCI Spain ETF dropping by 5.6% within minutes of the remarks, reflecting investor insensitivity to even rhetorical escalation from Washington.

Spain’s apparent offence was its refusal to allow US forces to use its military bases for the operation linked to the strike on Iran, alongside its resistance to a US-backed Nato commitment that members increase defence spending to 5% of GDP by 2035.

Trump stated that he had instructed Treasury Secretary Scott Bessent to “cut…

Concentration of Ownership: A few large media groups dominate the market,
raising concerns about media diversity and pluralism.

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