iShares MSCI Spain ETF tumbles on Trump trade threat

Investing.com -- iShares MSCI Spain ETF (NYSE: EWP) fell 5.6% mid-day Tuesday following President Donald Trump's announcement that he will cut off all trade with Spain.

The move comes after the Spanish government denied U.S. forces use of its military bases for operations related to the attack on Iran. At least 11 U.S. KC-135T and KC-135R tanker aircraft departed the southern Spanish bases of Rota and Morón late Sunday evening after Spain objected to the operation.

"Spanish military bases will not be used for anything that falls outside the agreement with the United States and the United Nations Charter," José Manuel Albares, Spain's foreign minister, said Sunday in an interview on Spanish television. He called the U.S.-Israeli operations "unilateral."

The Spanish government stated Monday that it had denied the use of its military bases to U.S. forces involved in the Iran attack, including key refueling aircraft that left Spain for other countries on Sunday.

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