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Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports edged up 0.1% to $2.23 billion.
Dan Clifton, Strategas head of policy research, joins 'The Exchange' to discuss the economic fallout from the recent tariff push, the new rules and much more.
EWW and FLMX have delivered strong YTD returns, outperforming the S&P 500 and ranking highly among international ETFs. Both funds are heavily concentrated in a few sectors and top holdings, with similar performance and minimal cost differences. Mexican equities face valuation concerns, currency tailwinds may reverse, and their long-term track record lags US stocks significantly.
President Donald Trump announced Saturday his administration is imposing 30% tariffs on imports from the European Union and Mexico, hiking up the tariff rate for two of the U.S.'s biggest trading partners despite lengthy negotiations.
The president made the announcement on social media, even as the EU was hoping for a trade agreement
FLMX, despite an attractive chart and lower expense ratio, underperforms compared to EWW, which has a stronger history and larger backing from iShares. EWW's similar characteristics, better performance, and higher dividend yield make it a more appealing investment than FLMX in the Mexican stock market. FLMX's smaller size, lower trading volume, and lack of first-mover advantage are significant drawbacks despite its solid portfolio and sector tilts.
Exchange-traded funds that track Mexican equities were on track to suffer their biggest daily decline in nearly four years on Monday, after Claudia Sheinbaum's victory in Mexico's presidential election sparked investor concerns that her party's landslide win could lead to constitutional changes.
Mexico benefits from China's trade dispute with the U.S. Is China still the world's manufacturer? How global trade is changing.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.