Geneva-Based Trade Official Says World Trade Organization Dispute Settlement Panel Has Found China Acted Inconsistently With Its World Trade Organization Obligations By Imposing Additional Duties On Certain Imports From The United States
Portfolio Pulse from Happy Mohamed
The World Trade Organization (WTO) dispute settlement panel has found that China acted inconsistently with its WTO obligations by imposing additional duties on certain imports from the United States.
August 16, 2023 | 2:12 pm
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NEGATIVE IMPACT
The WTO's ruling against China could negatively impact the iShares China Large-Cap ETF (FXI), which tracks the performance of the largest companies in the Chinese equity market.
The ruling by the WTO could potentially lead to sanctions or other trade actions against China, which could negatively impact the performance of the Chinese equity market. This, in turn, could affect the performance of the FXI ETF, which tracks the largest companies in the Chinese market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The WTO's ruling could have a positive impact on the SPDR S&P 500 ETF (SPY), as it may ease trade tensions between the US and China.
The ruling by the WTO could potentially lead to a reduction in trade tensions between the US and China, which could have a positive impact on the US equity market. This, in turn, could benefit the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70