China's Commerce Ministry Says Minister Wang Expressed China's Grave Concerns Over U.S. Tarrifs And Taiwan Related Issues In Economic, Trade Fields
Portfolio Pulse from Benzinga Newsdesk
China's Commerce Ministry reported that Minister Wang voiced serious concerns to the U.S. regarding tariffs and Taiwan-related issues in the economic and trade sectors, according to Reuters.
February 26, 2024 | 2:12 pm
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NEGATIVE IMPACT
The Taiwan ETF (EWT) may face volatility due to heightened tensions between China and the U.S. over Taiwan-related trade issues.
Given the direct involvement of Taiwan-related issues, EWT, which tracks Taiwanese stocks, is likely to experience negative pressure due to potential economic uncertainties and geopolitical tensions.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
The China Large-Cap ETF (FXI) might experience short-term negative impact due to concerns over U.S. tariffs and trade tensions.
FXI, which represents large Chinese companies, could be adversely affected in the short term by the escalation of trade tensions and tariff concerns expressed by China, leading to market uncertainty.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The S&P 500 ETF (SPY) may see short-term fluctuations due to renewed trade tensions between the U.S. and China.
As SPY tracks a broad range of U.S. stocks, renewed trade tensions and concerns over tariffs with China could lead to market volatility and a negative short-term impact on the ETF.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 70