This market will resolve to “Yes” if Donald Trump signs any federal legislation into law or performs any executive action (including executive orders, proclamations, and memoranda) that orders, directs, or enacts a comprehensive ban on imports and exports between the United States and Spain by March 31, 2026, 11:59 PM ET. Otherwise this market will resolve to “No”. An official announcement, made within this market’s timeframe, from the Trump Administration that a concrete policy to comprehensively ban imports and exports between the US and Spain will definitively be implemented, without such legislation or executive action, will also suffice for a “Yes” resolution. Such an announcement must be tied to a specific policy or set of actions being implemented; mere public statements that a ban will be implemented will not qualify. A comprehensive ban on imports and exports between the United States and Spain is defined as any trade ban or embargo that applies broadly to imports and exports between the US and Spain. Limited exceptions for certain categories of imports and exports will not disqualify a ban from counting, provided the ban applies generally to US-Spain imports and exports. Bans or embargoes which apply only to a limited subset of U.S.-Spain trade, or tariffs, sanctions, or other punitive trade measures which do not constitute a comprehensive ban on imports or exports between the US and Spain, will not count. A qualifying ban which is ordered, enacted, or announced within this market’s timeframe will qualify, regardless of when it is scheduled to be implemented or if it is blocked or invalidated prior to implementation. The primary resolution source for this market will be official information from the Trump Administration; however, a consensus of credible reporting may also be used.