At Técnica del Decoletaje, a 60-year-old machine tools company in Madrid, things are shifting gears as US tariffs hit hard. Their machine parts—vital for car manufacturing—are facing a 35% impact, a signal of how deeply interconnected global trade is today ⚙️🚗.
Managing director Mario Lobato shared that while the US remains a key overseas market, rising tariffs have disrupted the entire automotive supply chain. Worker Rafael Rosa summed it up by saying, "Tariffs haven’t brought anything positive." With production materials becoming costlier, both multinationals and small- and medium-scale businesses are feeling the pressure.
As global trade landscapes evolve, Spanish SMEs are rethinking their strategies and boosting resilience. Their journey is a vivid reminder that in today’s fast-paced world, adaptability and innovation are key—even when challenges come in the form of steep tariffs.
Reference(s):
cgtn.com
