Spanish Prime Minister Pedro Sanchez speaks at a press conference in Kunshan, Jiangsu province, China September 11, 2024.
Xihao Jiang | Reuters
A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday.
“We share a strong transatlantic bond …our economies are very interlinked and I believe a trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez told CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.
“A trade war is a kind of a zero-sum gain,” he added.
Follow CNBC International on Twitter and Facebook.
This is a developing story, please check back for further updates.