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Foreign markets like Mexico, Canada, eurozone, and China outperform S&P 500 despite Trump's tariff threats. not only withstood the threat, they've outpaced the S&P 500 and America’s biggest tech giants by a wide margin. EWW up 28%, FXI up 21%, EZU up 20%, and EWC up 11%, while S&P 500 remains flat.(Code: MAGS) tracking tech giants Microsoft, Apple, NVIDIA struggle to keep pace amid tariff threats.
Six months into Trump's second presidential term, foreign markets targeted with heavy tariffs have thrived, surpassing the S&P 500 and top US tech giants. Since Jan. 20, 2025, ETFs for Mexican, Canadian, eurozone, and Chinese stocks have excelled, contrary to expectations. iShares MSCI Mexico ETF surged 28%, iShares Large-Cap China ETF rose 21%, iShares MSCI Eurozone ETF gained 20%, and iShares MSCI Canada ETF is up by 11%. These regions were targets of Trump's protectionism despite being key contributors to the US trade deficit. In the same period, S&P 500 remained stagnant, while tech giants struggled. The Roundhill Magnificent Seven ETF, tracking Microsoft, Apple, NVIDIA, also faced challenges. Full article on Benzinga.com.