Trump Announces US will stop all trade with Spain. Spanish ADRs dip.

Hi all, Trump just announced that the US will cut trade with Spain due to Spain's refusal to let US aircraft stage unilateral strikes on Iran from the military bases within Spanish territory. This is within terms of NATO since NATO is exclusively a defensive alliance and members have no obligation to assist other members in their particular offensive operations, but of course Trump being Trump he's throwing a massive tantrum. There are several reasons why the total trade cutoff with Spain is not viable (EU free trade zone, EU-US trade agreements etc etc), and thats if Trump even goes through with the threats and some random judge doesnt block it immediately.

Nonetheless, Spanish stocks are getting hammered today due to the panic.

Spanish stocks like Banco Santander dropped 14% since. Not saying you should buy but I see this as a HUGE buying opportunity, similar to liberation day, but only applying to Spain related stocks.

Santander has been confidently beating earnings for a long time now. I got into this stock around 8 months ago and was \~30% up until the news broke. It is my single best performing stock. I am currently loading up on it.

Regarding the company, Banco Santander dominates not only Spain but also the financial markets in South America and great part of the rest of the world.

Their 2025 revenue was around $62 billion, comparable revenue and more than some of the largest american banks, see below:

Morgan Stanley \~ $66 B

Goldman Sachs \~$57 B

TD Bank (U.S. ops) \~$61 B

Capital One \~$42 B

U.S. Bancorp \~$29 B

PNC Financial \~$23 B