Tariffs and opportunities

The shock caused by the U.S. administration’s tariff policy led to a sharp decline in stock markets around the world. In some countries, measures have been taken to mitigate the effects of these measures. The most immediate measures are direct support for employment and support for financial expenses related to commitments already made. Medium-term measures include opening up to new markets such as China, Southeast Asia and Latin America, with Spain occupying a privileged position as a logistics platform for Latin America and Africa.

Prioritizing relations with China can play an essential role, not only for logistical reasons, but also for its role as an intermediary with the institutions of the European Union. Conversely, the tax incentives and foreign investment benefits offered by China, especially in the FTZs (Free Trade Zones), continue to offer excellent opportunities to be explored, with particular attention to Shanghai and Guangzhou. The latter is the hub of the Greater Bay Area (GBA), which is currently promoting development with the closest areas of Southeast Asia.

Some of the main advantages of the Chinese market are related to the expected growth of GDP per capita, the high qualification of the workforce, the size and openness of the market, the high level of infrastructure and communication networks, the concentration of the population and the high level of the Chinese economy