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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I had a truly great meeting with President Xi of China. There is enormous respect between our two Countries, and that will only be enhanced with what just took place. We agreed on many things, with others, even of high importance, being very close to resolved. I was extremely honored by the fact that President Xi authorized China to begin the purchase of massive amounts of Soybeans, Sorghum, and other Farm products. Our Farmers will be very happy! In fact, as I said once before during my first Administration, Farmers should immediately go out and buy more land and larger tractors. I would like to thank President Xi for this! Additionally, China has agreed to continue the flow of Rare Earth, Critical Minerals, Magnets, etc., openly and freely. Very significantly, China has strongly stated that they will work diligently with us to stop the flow of Fentanyl into our Country. They will help us end the Fentanyl Crisis. China also agreed that they will begin the process of purchasing American Energy. In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska. Chris Wright, Doug Burgum, and our respective Energy teams will be meeting to see if such an Energy Deal can be worked out. The agreements reached today will deliver Prosperity and Security to millions of Americans. After this Historic trip to Asia, I am now heading back to Washington, D.C. I want to thank the Great Countries of Malaysia, Japan, and South Korea for being so generous, gracious, and hospitable — Also, Australia, Canada, New Zealand, Singapore, Thailand, and Vietnam, who were at the Dinner last night hosted by His Excellency Lee Jae Myung. Hundreds of Billions of Dollars are being brought into our Country because of them. Our Nation is Strong, Respected, and Admired Again and, THE BEST IS YET TO COME!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of China’s commitment to purchase American agricultural products and energy could positively impact companies like Deere & Company and Chevron, as increased demand for farm equipment and energy resources may boost their stock prices. The potential for a large-scale energy deal with China could also benefit Exxon Mobil Corp. and the Energy Select Sector SPDR Fund, while the promise of continued rare earth and critical mineral flow might influence the SPDR S&P Metals & Mining ETF. Additionally, the statement might affect international ETFs such as iShares MSCI China ETF, iShares MSCI Australia ETF, iShares MSCI Canada ETF, iShares MSCI Japan ETF, and iShares MSCI South Korea ETF due to the broader implications of enhanced trade relations.
Here are some of the stocks that might be affected:
Cf Industries Holdings, Inc. ((CF)),
Chevron ((CVX)),
Deere & Company ((DE)),
Exxon Mobil Corp. ((XOM)),
Mosaic Co ((MOS)),
Energy Select Sector SPDR Fund ((XLE)),
iShares MSCI China ETF ((MCHI)),
SPDR S&P Metals & Mining ETF ((XME)),
iShares MSCI Australia ETF ((EWA)),
iShares MSCI Canada ETF ((EWC)),
iShares MSCI Japan ETF ((EWJ)),
iShares MSCI South Korea ETF ((EWY)).