BBVA has experienced significant declines in the stock market following U.S. President Donald Trump's announcement of a 25% tariff on imports from Mexico. The bank has led the downturn among Spanish banking stocks, reflecting investor concerns about the potential economic impact of the tariffs. The Mexican stock market also reacted negatively, with the iShares MSCI Mexico ETF ($EWW) dropping by 2.6%. Analysts are closely monitoring the situation as the implications of the tariffs could affect trade relations and economic stability in the region.