‘No to war’: Spain PM hits back over Trump’s threats to cut trade over military base access

His comments come after U.S. President Donald Trump pledged to cut off trade with Madrid after Spain’s government prevented two jointly operated bases in its territory from being used in the strikes.

“Spain has been terrible,” Trump said on Tuesday, during a White House news conference alongside German Chancellor Friedrich Merz. “We’re going to cut off all trade with Spain. We don’t want anything to do with Spain,” he added.

In a televised address on Wednesday morning, Sanchez said: “Very often great wars start with a chain of events spiralling out of control due to miscalculations, technical failures, and unforeseen circumstances. Therefore, we must learn from history and cannot play Russian roulette with the fate of millions,” according to a CNBC translation.

Sanchez warned of “repeating the mistakes of the past,” drawing a comparison with the invasion of Iraq in the early 2000s, and summarized the government’s position as: “No to war.”

Trump’s latest comments follow his condemnation of Madrid’s refusal to meet the NATO defense spending target of 5% of GDP.

Spain’s Ibex 35 index traded 1.4% higher at around 10:17 a.m. London time (5:17 a.m. ET), reversing earlier losses amid U.S. trade jitters. The pan-European Stoxx 600 index, meanwhile, advanced around 1.2%.

Trump’s threat to punish Spain on trade would be challenging, given that the 27 EU nations negotiate trade agreements collectively.

“It’s naive to believe that democracy or respect among nations can spring from ruins, or to think that blind and servile obedience is a form of leadership. On the contrary, I believe this position is leadership,” Sanchez said.

“We will not be complicit in something that is bad for the world and contrary to our values ​​and interests simply out of fear of reprisals from someone,” he added.

— CNBC’s Charlotte Reed contributed to this report.