Trump orders halt to US trade with Spain over NATO spending, Iran

President Trump ordered an immediate halt to all trade with Spain at a NATO summit, blasting it as a "terrible partner" amid a row over NATO defence spending and Spain's refusal to support U.S. action on Iran.
Spanish PM Pedro Sánchez played down the spat, saying his chat with Trump was "very cordial" (they even discussed the World Cup and golf) and noting Spain is boosting defence spending and sending troops to NATO's Arctic mission.
Despite the diplomatic flare‑up, big U.S. investors like BlackRock remain bullish on Spain, which exports olive oil, wine, cars and more and still has deep commercial ties to the U.S.