Sweet victory over Spain with cup lifted (4,3)
I believe the answer is:
wine gum
'sweet' is the definition.
(I've seen this before)
'victory over spain with cup lifted' is the wordplay.
'victory' becomes 'win' (a win is a victory).
'over spain' becomes 'e' (abbreviation for Espana. I am not sure about the 'over' bit.).
'with' says to put letters next to each other.
'cup' becomes 'mug' (I've seen this before).
'lifted' shows that the letters should be reversed in order (going up in down clue).
'mug' backwards is 'gum'.
'win'+'e'+'gum'='WINE GUM'
(Other definitions for wine gum that I've seen before include "Small, jelly-like sweet" , "Type of jelly-like sweet" .)