U.S. Treasury Secretary Yellen Says U.S. Tariffs On China Reflected Concern About Unfair Trade Practices, Those Have Not Been Addressed
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Yellen stated that U.S. tariffs on China were a reflection of concerns about unfair trade practices, which have not been addressed yet, according to Bloomberg.
July 17, 2023 | 12:23 pm
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NEGATIVE IMPACT
The statement by U.S. Treasury Secretary Yellen about unaddressed unfair trade practices could impact the iShares China Large-Cap ETF (FXI).
The ETF FXI, which tracks large-cap Chinese companies, could be negatively impacted by the continuation of U.S. tariffs on China due to unaddressed unfair trade practices. This could potentially affect the performance of the companies within the ETF, thereby affecting the ETF's overall performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The statement by U.S. Treasury Secretary Yellen about unaddressed unfair trade practices could impact the SPDR S&P 500 ETF (SPY).
The ETF SPY, which tracks the S&P 500 index, could be negatively impacted by the continuation of U.S. tariffs on China due to unaddressed unfair trade practices. This could potentially affect the performance of the companies within the index, thereby affecting the ETF's overall performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60