00:00U.S. President Donald Trump says he has ordered Treasury Secretary Scott Besson
00:04to cut off all trade with Spain after calling the country a terrible NATO partner.
00:10Trump even accused Madrid of failing to contribute enough to the alliance,
00:14marking the latest escalation in a long-running dispute over defense spending.
00:19But Spain doesn't agree to anything, and you shouldn't carry them.
00:23I mean, you sort of automatically carry them because you're protecting an area, so they're there.
00:27So they probably figure they have to protect us, right?
00:30But we don't have to. We don't have to trade with them. I don't want to do any more trade
00:34with them.
00:34All right? Take it immediately. Don't even talk to them. They're hopeless. They're bad people.
00:40The U.S. President has repeatedly criticized Spain for refusing to back NATO's new target of spending 5% of
00:47GDP on defense.
00:48Madrid currently spends just over 2%.
00:51Tensions between the two sides have grown since Spain refused to allow U.S. forces to use its bases for
00:57strikes on Iran.
00:58Meanwhile, Spain dismissed Trump's latest remarks as business as usual,
01:03noting that the U.S. currently runs a trade surplus with Spain.
01:06Two years before I was in Iran.
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