iShares MSCI Spain ETF Drops After U.S. President Announces Trade Cutoff
The iShares MSCI Spain ETF (EWP) slid 5.6% mid-day Tuesday after President Donald Trump said he would sever all trade with Spain. The announcement followed Madrid's refusal to permit U.S. forces to use Spanish bases for operations tied to an attack on Iran, and the departure of multiple U.S. tanker aircraft from southern Spanish bases.