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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Bringing back Trillions of Dollars to USA! A great trip. Dealing with very smart, talented, and wonderful Leaders. Tomorrow, President Xi of China. It will be a great meeting for both!!! President DJT”
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 a positive meeting with President Xi could boost investor confidence in U.S.-China relations, potentially leading to a rise in the iShares MSCI China ETF. The promise of ‘bringing back trillions of dollars’ suggests potential economic benefits, which might drive market optimism. However, the actual impact will depend on the outcomes of the meeting and any concrete agreements made.
Here are some of the stocks that might be affected:
iShares MSCI China ETF ((MCHI)).