U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.

US President Trump mistakenly identified Spain as part of the BRICS nations, causing concerns about potential tariffs. While Spain is committed to NATO, Trump's error and tariff threats against BRICS led to political jitters in Madrid.

Spain has a meagre contribution to NATO and as a consequence, it could face 100% tariffs from the US, according to President Donald Trump, who unfortunately confused it with a BRICS country. When a journalist asked what would happen to NATO countries that do not meet the 2% spending target, Trump replied that Spain's contribution is "very low."

While signing executive orders in the Oval Office, President Donald Trump was asked by a reporter what “can you expect” from countries in NATO that “spend the least amount,” including France and Spain.

After being sworn in as the 47th US President, Donald Trump met reporters in the Oval Office while signing executive orders where he made this erroneous claim.