US FMC proposes tariffs on Spanish ships, import curbs over Algeciras dispute

The US Federal Maritime Commission has proposed fines on Spanish vessels and restrictions on certain Spanish imports in response to tensions at Algeciras port, citing commercial and defense conflicts. The measure is subject to public consultation, leaving scope for adjustment; details on scope and timing remain unclear. This marks a notable escalation in US-Spain trade friction with potential implications for transatlantic shipping and bilateral relations.