Investors' concerns about trade negatively impact global ETFs.

• International equities largely pulled back as investors reacted to Donald Trump's win.
• It marks a stark contrast to rallying U.S. equities.

On Wednesday, global stocks were largely pulled back by U.S.-listed funds tracking international equities, as investors considered the potential negative impact of Donald Trump's victory on international markets.

Despite major U.S. indexes reaching record highs, exchange-traded funds from iShares tracking , , , and Chile all declined in Wednesday trading.

Traders are preparing for the President-elect Trump's proposed policies for taxing imports, which include a tariff of up to 20% on all goods coming into the U.S., with an especially high 60% levy on those coming from China specifically.

Despite being unpopular among voters, according to NBC News polling, this policy seemed insignificant in the race, with the economy being the main concern for Americans heading to the polls.

"Yung-Yu Ma, chief investment officer at BMO Wealth Management, stated that while the U.S. investing landscape remains positive, international markets are vulnerable to tariff policies, which could limit the near-term growth potential of global stocks."

The election results in the U.S. are causing a divergence in the global market as investors worldwide take in the news.

European markets struggled on Wednesday as it became clear that Trump would prevail, while the slid around 2.5% in the U.S. market.

While Japan's Nikkei 225 defied the downtrend in Asia-Pacific markets, the U.S.-listed stocks shed more than 2% on Wednesday.

Despite being international-focused, the fund climbed more than 2% and reached a new 52-week high, a rare positive aspect among such funds. The South American country that elected libertarian Javier Milei as president last year was compared widely to Trump.

The ICE U.S. Dollar Index, which measures the U.S. greenback against a basket of international currencies, hit its highest level since July. According to LPL Financial chief technical strategist Adam Turnquist, the dollar's surge is due to rising inflation expectations following Trump's election.

According to Turnquist, a strong American currency can negatively impact international stocks, particularly emerging markets, which have lagged behind U.S. counterparts in recent years. On Wednesday, the slid more than 1%.

This report was contributed to by Sarah Min, Jesse Pound, and Hakyung Kim of CNBC.