Following "Black Monday," European markets rebounded slightly with Spain's IBEX 35 rising 2.37%. The core development was Trump's dramatic escalation, imposing 104% tariffs on China after Beijing failed to respond to his ultimatum. Spanish authorities calculated 80% of exports to the US would be affected, prompting the government to approve a €14 billion mitigation package.
EU Commission President Von der Leyen attempted diplomatic outreach to China, calling for collaboration to defend "free and fair trade" against tariff escalation. Meanwhile, domestic politics complicated Spain's response as PP cited a supposed "hidden pact" with Junts to justify breaking cooperation with PSOE on tariff measures.
By evening, Spanish media reported on alternative manufacturing shifts to Vietnam—dubbed the "new China"—while Sumar opposed defense allocations partially intended for American weapons. Spain's women's football team provided a rare positive note, defeating Portugal 7-1.