LONDON, June 10 (Reuters) - Mexico-focused exchange-traded funds (ETF) jumped as much as 3 percent on Monday after the country struck a deal with the United States on Friday to avert a tariff war.
The Europe-listed iNAV MSCI Mexico UCITS capped exchange-traded fund (ETF) jumped 2.6% while a U.S.-listed equivalent was up over 3% in premarket trade.
U.S. President Donald Trump had threatened to impose 5% import tariffs on all Mexican goods starting on Monday if Mexico did not commit to do more to tighten its borders.
In a joint declaration after three days of talks in Washington, both countries said Mexico had agreed to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants. (Reporting by Marc Jones; editing by Thyagaraju Adinarayan)