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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives. It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be. He is also a very good, and tough, negotiator. We extend our warmest regards to the wonderful people of The Philippines!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because The announcement of a trade deal between the United States and the Philippines, featuring zero tariffs and military cooperation, could lead to increased investor confidence in the region, potentially affecting global markets. While the iShares MSCI Spain ETF is not directly related to this deal, global trade dynamics and investor sentiment shifts can indirectly influence its performance. Any perceived strengthening of U.S. trade relations in Asia might lead investors to reevaluate their positions in European markets, including Spain.
Here are some of the stocks that might be affected:
iShares MSCI Spain ETF ((EWP)).