President Biden Says New U.S. Tariffs Are Strategic And Targeted; Former President Trump's Proposed Across-The-Board Tariffs Would Drive Up Costs For Families; I Want Fair Competition With China, Not Conflict; U.S. Standing Up For Peace And Stability Across The Taiwan Strait
Portfolio Pulse from Benzinga Newsdesk
President Biden announced new U.S. tariffs that are strategic and targeted, contrasting with former President Trump's proposed across-the-board tariffs, which Biden argues would increase costs for families. Biden emphasized the goal of fair competition with China, not conflict, and highlighted the U.S.'s commitment to peace and stability across the Taiwan Strait.
May 14, 2024 | 4:48 pm
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POSITIVE IMPACT
The new U.S. tariffs and Biden's commitment to peace and stability in the Taiwan Strait could positively impact EWT by potentially reducing geopolitical risks and fostering a more stable investment environment in Taiwan.
Given EWT tracks the Taiwanese market, Biden's approach to reduce conflict with China and ensure stability in the Taiwan Strait directly impacts the investment climate in Taiwan. A strategic, targeted tariff policy, as opposed to broad tariffs, may mitigate adverse impacts on trade, benefiting EWT.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The strategic and targeted nature of the new U.S. tariffs under Biden, aimed at fair competition and avoiding conflict with China, could support market stability and have a positive impact on SPY by reducing uncertainty for investors.
SPY, which tracks the S&P 500, could benefit from reduced trade tensions and a more predictable tariff strategy. This approach may alleviate investor concerns about widespread economic disruptions, supporting overall market confidence and potentially lifting SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 65
NEUTRAL IMPACT
Biden's targeted tariffs and emphasis on fair competition with China, rather than conflict, could have a neutral to slightly positive impact on FXI by maintaining trade flows and reducing the risk of retaliatory measures from China.
FXI, which tracks the Chinese market, may see a neutral to slightly positive impact as Biden's targeted tariffs aim to avoid broad economic conflict, potentially maintaining smoother trade relations and reducing the likelihood of harsh retaliatory measures from China.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70