With only days remaining until President Donald Trump’s self-imposed July 9 tariff deadline, the world trade scene resembles more of a geopolitical roulette table than a negotiation process. Although Trump’s return to tariff diplomacy has reignited diplomatic turmoil and corporate jitters, ETF investors seem to be playing it cool, at least for now.
In typical Trumpian style, the U.S. President has threatened broad new tariffs for dozens of nations that don’t come to framework deals within a week. But the frameworks unveiled so far, such as with the UK and China, have been short on substance and long on optics, according to Bloomberg. And while volatility typically follows trade tensions, the markets are responding with an unusual resilience. So are ETF performances.
