iShares MSCI Mexico ETF

EWW

Market cap $2.03B

Mexico's President Claudia Sheinbaum has sweet-talked U.S. President Donald Trump while Canadian Prime Minister Mark Carney has used tougher talk. Both markets have outperformed.

Alastair Pinder, HSBC Head of EM/Global Equity Strategist, joins 'Closing Bell Overtime'  to talk the growth in emerging markets.

The U.S. market is starting to show bubble characteristics, shifting focus to international opportunities for better value. EWW's current P/E ratio (~17x) is more moderate compared to global markets but not cheap given emerging market risks. The dividend yield (TTM) at 3.97% looks appealing but has historically been volatile—expect fluctuations tied to currency exchange rates and market conditions.

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 Trump imposes new 30% tariffs on Mexican and EU imports effective August 1, warning that any retaliatory measures will be matched and added to the base rate

President Donald Trump on Saturday announced 30% tariffs on the European Union and on Mexico, cementing a new high level of levies with key trading partners ahead of an Aug. 1 implementation.

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.

Donald Trump has announced he will impose a 30% tariff on imports from the European Union from August.

The U.S. will charge a 30% tariff on the European Union and Mexico effective Aug. 1, President Trump said in letters to the leaders of each trading partner, posted on Truth Social on Saturday morning.

President Donald Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico's president Claudia Sheinbaum.