Marketplace All-in-One Trump's tariffs continue to confound
Feb 23, 2026
Ashish Sharma, BBC Madrid reporter on Spain's plan to legalize undocumented workers and labor shortages. Felicity Hanna, BBC trade reporter tracking global fallout from US tariffs. They discuss Spain's workforce reform and international reactions to a new 15% US import tariff. Short, punchy coverage of migration policy and trade shockwaves around the world.
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Global Markets Reel From New 15% US Tariff
- President Trump's new 15% tariff on all imports has reignited global uncertainty after the Supreme Court struck down prior tariffs as illegal.
- Countries like India delayed trade talks, the EU weighed freezing ratification, and China demanded cancellation of US tariffs.
Markets Move Differently As Tariff News Hits
- Markets reacted unevenly: European shares dipped while some Asian markets mixed, and gold rallied as a safe haven.
- Germany's DAX fell 0.7%, Hong Kong's Hang Seng rose 2.5%, and gold climbed almost 2% to $5,150 an ounce.
Migrant Stories Amid Spain's Legalisation Plan
- Spain will legalise half a million undocumented migrants who have no criminal record and five months' residence, aiming to fill labor gaps.
- Ashish Sharma shares a migrant, Zainab Stitu from Morocco, attending Spanish lessons and feeling welcomed after three months.