x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Lieutenant Governor reviews Muharram arrangements | Jammu police arrests 3 harcdcore drug peddlers | Srinagar artisans' delegation meets Syed Altaf Bukhari, seeks intervention for revival of handicrafts sector | Reasi police swiftly solves pilgrims theft case; two accused arrested, stolen property recovered | Sham Lal Sharma lays foundation stone for Rs 8.43 Crore Lala Da Bagh nallah restoration works under SASCI scheme | Modi Govt failed to project socio-economic position of farmers: RL Gupta | MLA, DDC conduct inspection of renovation work of GHSS Bagdhar | NC Government has failed Gujjar-Bakerwal students, shows scant regard for Tribal Welfare: Gulam Ali Khatana | Vedic wisdom and Yajna promote health, longevity and well-being: Swami Ram Swarup | DC Kulgam reviews NH-444 Kulgam Bypass, Stresses early opening of Brazloo bridge | Raising Day of Rajya Sainik Board celebrated | ZSWO celebrates raising day at Udhampur | DC reviews implementation of HADP, other credit-linked schemes in Udhampur | DC Samba reviews performances of banks at DLRC-DCC meeting | 202 J&K cases before SC put on settlement track, HC orders Pre-Lok Adalat sittings | Governor pays tributes to Virbhadra Singh on his Birth Anniversary | Multi-agency mock drill conducted at Jammu base camp | Ajit Doval calls for tackling "Non-Traditional" security threats at BRICS NSA meeting | LG Saxena visits high-altitude hamlet in Leh, announces Him sarovar project | Choudhary, Sadhotra, RL Gupta condole demise of of NC stalwart late Ghulam Mohiuddin Shah’s wife | Sadhotra hails CM Omar, Sakeena for ReT service benefit decision | Higher Education Department notifies Spot Round for UG Admissions 2026-27 | GDC Sunderbani organizes Anti-Drug Awareness Festival | 5-day Peace Education Program commences at Poonch | Rajouri honours local cricket star Yudhvir Singh Charak for his rising journey | 72 years after Mookerjee’s mysterious death, BJP demands truth, accountability | We made Panchayati Raj institutions strongest voice: LG Sinha | After 3-day exercise, Congress panel set to reveal truth behind infighting, anti-party acts | Courts mourn acting CJ’s mother’s demise, pay tribute in spirit | Syama Prasad Mookerjee's dream realised with abrogation of Article 370: Amit Shah | CM Omar stresses timely completion of rural road projects | Amit Shah launches NAFED’s e-auction portal NAFEX.in | HC opens one last door in 18-year-old attempt-to-murder case, allows IO’s examination | DGP Prabhat reviews security arrangements at Nunwan base camp | Multi-agency mock drill conducted at Jammu base camp | 'Operation Sheruwali' enters 32nd day | IGP Kashmir given additional charge | Govt revises penalties under FCRA | Generational Trauma: The wounds we never chose | Mental health and awareness | Patriarchy and the need for equality at home | Women empowerment in modern India | Environment and sustainability | Cyber security: Protecting our digital world | Education and carrier | People First Approach | Back Issues  
 
news details
Tariff blowback: After India, Switzerland, Spain also scrap US defence deals
8/11/2025 12:02:24 AM
Sandeep Bhat
Early Times Report

Jammu, Aug 10: U.S. President Donald Trump’s hardline tariff policies and controversial NATO funding demands appear to be backfiring, with growing evidence that they are hurting both American consumers and U.S. defense firms. A series of recent developments suggests that key foreign buyers are pulling out of multi-billion-dollar arms deals amid increasing unease over Washington’s trade posture and geopolitical pressure tactics. While U.S. citizens continue to feel the pinch of rising prices due to tariff hikes, American defense giants are now facing setbacks in lucrative overseas contracts — particularly involving the F-35 fighter jet, one of the cornerstones of the U.S. military-industrial complex.
According to multiple reports, both Spain and Switzerland have reportedly withdrawn or reconsidered their plans to purchase U.S.-made F-35 jets, citing concerns over tariffs, national sovereignty, and Trump’s assertive approach to NATO.
In a significant blow to U.S. defense exports, Spain has confirmed it will not proceed with purchasing F-35s, opting instead to strengthen its fleet of Eurofighter Typhoons and invest in the Future Combat Air System (FCAS) — a joint European initiative with France and Germany.
Madrid's decision comes amid a broader push to channel its €10.5 billion increase in defense spending toward European manufacturers, with plans to expand the Typhoon fleet to 115 aircraft. The Spanish government expects to receive 25 new jets between 2026 and 2030.
Spanish Prime Minister Pedro Sánchez also dismissed Trump’s proposal for NATO allies to raise defense spending to 5% of GDP by 2035, calling it “unreasonable” and affirming the need for European strategic autonomy.
“Only Europe will know how to protect Europe,” Sánchez stated, in a direct rebuke of Washington’s dominant role in NATO.
Trump, in turn, labeled Spain’s position as “very unfair”, and hinted at possible trade retaliation, further straining transatlantic ties.
Switzerland’s $9.1 billion deal to purchase 36 F-35 jets, initially signed in 2021, is also under threat due to escalating trade tensions. Reports indicate growing opposition within the Swiss Parliament, fueled by Washington’s imposition of steep tariffs on Swiss exports — including a 39% duty on high-value items such as watches and coffee capsules.
The duties, introduced after the collapse of U.S.–Swiss trade talks, represent some of the highest tariffs levied on any developed nation and have provoked political backlash in Bern. The souring trade climate has now cast doubt over the finalization of the F-35 order, with some lawmakers calling for the contract to be scrapped altogether.
Trump’s aggressive trade policies and demands for NATO allies to increase defense spending have not only triggered economic consequences at home but are also seen as eroding trust among key U.S. partners. By linking trade negotiations with defense cooperation and imposing tariffs on allies, Washington risks pushing countries away from American defense platforms and accelerating the shift toward European defense self-reliance.
Analysts warn that these setbacks could have log-term implications for the U.S. defense industry, particularly for the F-35 program, which relies heavily on international sales to sustain its vast production and maintenance ecosystem.
As Trump eyes another presidential run in 2024, critics argue that the fallout from his first-term trade and defense policies is still unfolding — and may prove costlier than expected for America’s global standing and economic interests.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU