Canada, Mexico ETFs climb sharply despite White House tariffs
Shares of exchange-traded funds that invest in Canadian and Mexican stocks were rising sharply Wednesday afternoon, despite tariffs on U.S. imports from those countries taking effect Tuesday.
The iShares MSCI Mexico ETF and iShares MSCI Canada ETF were both up around 2.1%, according to FactSet data, at last check. The U.S. stock market was also trading higher Wednesday afternoon, although the S&P 500’s sharp gain was smaller at 1.2%.
The White House began 25% tariffs on Canada and Mexico on Tuesday, but on Wednesday announced that autos from those two countries would have a one-month exemption.