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THENATIONALPULSE (Pulse Wires) - China is Now Spain’s Leading Supplier.

China surpassed Germany as Spain's leading supplier of goods in early 2026, raising concerns over a widening trade deficit and growing economic dependence on Beijing.

China surpassed Germany as Spain’s leading supplier of goods in early 2026, raising concerns over a widening trade deficit and growing economic dependence on Beijing. PULSE POINTS WHAT HAPPENED: China has overtaken Germany as Spain ‘s top supplier of goods during the first quarter of 2026 , accounting for 11.6 percent of Spain’s imports compared to Germany’s 11.4 percent. This marks a significant shift in trade dynamics, as Germany has historically held this position. DETAIL: Key imports from China include electronics, machinery, and textiles, which have steadily gained market share in Spain, led by the Socialist Party under Prime Minister Pedro Sanchez. German exports, meanwhile, have been impacted by rising energy costs,…Open

AXIOS (Neil Irwin) - Iran war adds new layer to supply chain stress

When war breaks out, micro issues have a way of quickly becoming macro issues. Specific blockages and bottlenecks tend to cause broad supply disruptions and price pressure. - And so it is with the war in Iran. Why it matters: Global supply chains have already been facing years of stress, first from the COVID-19 pandemic and then from the rise of tariffs and other trade barriers. The Middle East conflagration adds a new layer of stress. - The good news for American consumers is that the biggest effects on the U.S. economy are likely to be second-order — but that's not the same as non-existent. State of play: Iran has vowed to attack commercial ships seeking to pass through the Strait of Hormuz, the chokepoint that connects the Persian…