NLR is trading 3% down today as a new U.S. tariff package impacting 60 trading partners pressures globally exposed industrials and utilities.
- The move reflects lingering risk-off sentiment following recent tech-led volatility and elevated macro uncertainty weighing on cyclical resource-related sectors.
- While the tariffs hit many sectors, exemptions remain in place for oil, gas, and fertilizer, though this has not offset the downward pressure on the ETF.