Treasury Secretary Yellen On China Green Exports Said Won't Rule Out Tariffs; Said China Is Allowed To Sell EVs In The US, No Rules Against It, Trying To Foster A Domestic Industry
Portfolio Pulse from Charles Gross
Treasury Secretary Yellen stated in a CNBC interview that while China is permitted to sell electric vehicles (EVs) in the US, the administration won't rule out tariffs on China's green exports to foster a domestic industry.

April 08, 2024 | 9:18 am
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POSITIVE IMPACT
The potential imposition of tariffs on China's green exports could indirectly benefit US companies within the SPY ETF, fostering a more competitive domestic industry.
SPY, which tracks the S&P 500 and includes a broad representation of the US economy, could see a positive impact from tariffs on China's green exports. By fostering a more competitive domestic industry, companies within SPY that are involved in green technologies could benefit from reduced competition and potentially increased market share, leading to a positive outlook for SPY in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Potential tariffs on China's green exports could negatively impact Chinese companies, possibly affecting the FXI ETF that tracks large-cap Chinese stocks.
FXI, which includes large-cap Chinese companies, could be negatively impacted by tariffs on green exports, as these companies are significant players in the green sector. The anticipation of tariffs could lead to investor concern over these companies' future earnings and market access, potentially driving down FXI's value in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70