U.S. Treasury's Adeyemo Says We Should Not Be Over-Reliant On Any One Country For Supply Chains; Says Derisking Is Going To Be An Important Part Of What We Do Going Forward
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury's Adeyemo warns against over-reliance on any one country for supply chains and emphasizes the importance of derisking going forward.
May 25, 2023 | 2:43 pm
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NEGATIVE IMPACT
U.S. Treasury's Adeyemo's comments on supply chain reliance may impact China-focused ETFs like FXI.
Adeyemo's comments suggest a potential shift in U.S. policy towards diversifying supply chains, which could negatively impact China-focused ETFs like FXI as companies may reduce their dependence on China.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Adeyemo's emphasis on derisking supply chains may have a neutral impact on the broader market, represented by SPY.
While Adeyemo's comments indicate a potential shift in U.S. policy, the impact on the broader market is uncertain. Diversifying supply chains may reduce risks, but it could also increase costs for some companies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50