Auto ETFs Seem Unfazed By Auto Makers’ Denial Of Request For Tariff Exemption

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General Motors and Chinese-owned Volvo Cars have been denied a request for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models. Major auto industry ETFs, the First Trust Nasdaq Global Auto Index Fund ETF (CARZ) and the iShares Global Consumer Discretionary ETF (RXI), seem largely unaffected by the news, with CARZ  down about 0.21% and RXI [...]

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