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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @PeteHegseth I just spoke to President Trump, and we agree — the relationship between the United States and China has never been better. Following President Trump’s historic meeting with Chairman Xi in South Korea, I had an equally positive meeting with my counterpart, China’s Minister of National Defense Admiral Dong Jun in Malaysia. And we spoke again last night. The Admiral and I agree that peace, stability, and good relations are the best path for our two great and strong countries. As President Trump said, his historic “G2 meeting” set the tone for everlasting peace and success for the U.S. and China. The Department of War will do the same — peace through strength, mutual respect, and positive relations. Admiral Dong and I also agreed that we should set up military-to-military channels to deconflict and deescalate any problems that arise. We have more meetings on that coming soon. God bless both China and the USA!”
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 positive remarks about U.S.-China relations could boost investor confidence in Chinese markets, potentially driving up the iShares MSCI China ETF. The emphasis on peace, stability, and improved military communications may alleviate geopolitical tensions, encouraging investment in Chinese equities. However, the market’s reaction will also depend on the follow-through of these diplomatic efforts and any subsequent developments.
Here are some of the stocks that might be affected:
iShares MSCI China ETF ((MCHI)).