United States Secretary Of Commerce Raimondo: Chinese Counterparts Asked That I Relax Export Controls And I Was Very Firm In Saying That Would Not Happen; Talked Little Bit About Boeing In China But Focus Was Less On Individual Companies
Portfolio Pulse from Happy Mohamed
US Secretary of Commerce Raimondo stated that Chinese counterparts requested relaxation of export controls, which she firmly denied. The discussion also touched on Boeing's presence in China, but the focus was not on individual companies.
August 31, 2023 | 2:58 pm
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NEGATIVE IMPACT
The firm stance of the US on export controls could impact Chinese companies, potentially affecting the performance of the iShares China Large-Cap ETF (FXI).
The US's refusal to relax export controls could have a negative impact on Chinese companies, which are a significant part of the iShares China Large-Cap ETF (FXI). This could potentially lead to a decrease in the ETF's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
The firm stance of the US on export controls could potentially impact the broader market, as represented by the SPDR S&P 500 ETF (SPY).
The US's refusal to relax export controls could potentially lead to trade tensions, which could impact the broader market. This could potentially lead to a decrease in the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
Boeing was mentioned in the discussion between US and Chinese officials, but the focus was not on individual companies.
Boeing was mentioned in the context of US-China trade talks, but it was not the main focus of the discussion. This could indicate that there are no immediate changes expected for Boeing's operations in China.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50