There aren’t many winners from President Donald Trump’s steep global tariffs, but investors are piling into Brazil and Mexico stocks amid the selloff.
The iShares MSCI Mexico ETF was up 4.7% in recent trading, on track for its highest close since Oct. 11 and its best day since June 12, 2020, according to Dow Jones Market Data.
Mexico was not listed in the president’s table of targets of reciprocal tariffs, though White House officials have said if Mexico and Canada address concerns about fentanyl imports, their tariffs would go down from 25% to the base tariff of 10%.
