U.S. Global Jets ETF is trading 3.8% higher at $28.76 as a broader bid into industrials and lower input costs drive a rebound in airline and travel names.
- The move follows White House Section 232 tariff cuts on key equipment and metals, which are expected to significantly lower input costs for manufacturing, construction, and farming.
- Firmer US equity futures, supported by geopolitical de-escalation and resilient labor data, have further improved demand expectations for both industrial activity and global travel.