US President Donald Trump directed Treasury Secretary Scott Bessent to “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran. #iran #politics #trump #israel #worldnews #spain “I told Scott to cut off all dealings with Spain,” Trump said Tuesday during a meeting with German Chancellor Friedrich Merz at the White House. Trump did not explain how he planned to follow through with that threat, which could prove particularly difficult since the US has a trading relationship with the broader European Union. Later, he suggested he had the power to impose a full embargo on goods from the country, though did not indicate explicitly that he planned to do so. “Spain has absolutely nothing that we need other than great people,” Trump said. “They have great people, but they don’t have great leadership.” Read more: https://www.bloomberg.com/news/articles/2026-03-03/trump-threatens-to-cut-off-trade-after-spain-denies-air-base-use ---------- Like this video? Subscribe https://www.youtube.com/@Bloomberg-News Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg on YouTube: https://www.youtube.com/@business https://www.youtube.com/@markets https://www.youtube.com/@BloombergTechnology https://www.youtube.com/@BloombergPodcasts Connect with us on social: https://www.instagram.com/bloombergbusiness https://www.linkedin.com/company/bloomberg-news https://www.tiktok.com/@bloombergbusiness https://www.facebook.com/bloombergbusiness