Ibex 35 closes with a 6.1% drop due to Trump's tariffs

The Ibex 35 closed on Friday – the second day since Donald Trump's announcement of global tariffs – with a 6.1% drop.

The Spanish stock market was affected by the negative effects of the US decision, as were most global stock markets, with drops between 3% and 7%.

American markets also experienced declines, with decreases around 4%.

On Friday, Trump reiterated that his policies "will never change" and that investors can "get richer than ever before" in the US, while accusing China of "panicking" by announcing a 34% tariff on US imports.

In the Ibex 35, the sharpest drop came from the banking sector, with Catalan bank Banco Sabadell leading the losses (-10.97%), followed by Unicaja (-10.74%) CaixaBank (-10.3%), and Bankinter (-9.85%).

All 35 stocks in the Ibex ended in the red, with the least affected being Catalan fragrance business Puig Brands, down 1.15%, and Zara parent company Inditex, down 1.72%.