United States Secretary Of Commerce Gina Raimondo Says, US Will Not Compromise With China On National Security
Portfolio Pulse from Benzinga Newsdesk
US Secretary of Commerce, Gina Raimondo, has stated that the US will not compromise with China on matters of national security. This statement could potentially impact the relationship between the two countries and their respective economies.
August 28, 2023 | 6:31 am
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NEGATIVE IMPACT
The statement by the US Secretary of Commerce could potentially impact the iShares China Large-Cap ETF (FXI), as it indicates a potential strain in US-China relations.
The statement indicates a potential strain in US-China relations, which could impact the Chinese economy and, by extension, the performance of the iShares China Large-Cap ETF (FXI).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The statement by the US Secretary of Commerce could potentially impact the SPDR S&P 500 ETF (SPY), as it indicates a potential strain in US-China relations.
The statement indicates a potential strain in US-China relations, which could impact the US economy and, by extension, the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70