President Donald Trump criticized Spain for not agreeing to new defense spending targets adopted by NATO and suggested the country could face tariffs twice as high from the US.
Trump stated that the US is negotiating a trade deal with Spain and threatened to make them pay twice as much, which caused Spain's benchmark stock index to extend its losses.
Spanish officials dismissed Trump's tariff threat, emphasizing that the European Commission handles trade matters for the EU and that individual member states don't negotiate trade deals on their own.
Income tax is one thing, social security is another and the taxes your employer pays as business are another. You’re just conflating them all. Some countries have lower social security contributions but have no universal health insurance or you just have to pay out of pocket or it’s tied to your work, etc. It’s not apples to apples