Shares of U.S.-listed exchange-traded funds that hold stocks in Europe were rallying Tuesday, as investors weighed President Donald Trump’s decision to delay a 50% tariff on the European

Union until July 9 as the U.S. and E.U. work toward a trade deal. The iShares Europe ETF, which tracks an index of European equities, was up 1.5% on Tuesday morning, according to FactSet

data, at last check. The iShares MSCI Germany ETF, which provides exposure to large and mid-sized companies in Germany, jumped 2.6%. Trump announced in a social-media post Sunday his

decision to extend the deadline for the 50% E.U. tariffs, which previously were slated to begin June 1. The U.S. stock market was closed Monday in honor of Memorial Day.