White House National Economic Adviser Brainard Says China's Industrial Capacity And Exports In Some Sectors Are So Large They Can Undermine The Viability Of Investments In The U.S.; A New Cycle Of Chinese Policy-Driven Overcapacity And Export Surges Could Have Adverse Consequences For U.S. Workers
Portfolio Pulse from Benzinga Newsdesk
White House National Economic Adviser Lael Brainard expressed concerns that China's industrial capacity and export surges in certain sectors could undermine U.S. investments and negatively impact American workers. A new cycle of Chinese policy-driven overcapacity and export increases could have adverse consequences for the U.S. economy.
May 16, 2024 | 3:12 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be negatively impacted by concerns over China's industrial overcapacity and export surges, which may undermine U.S. investments and harm American workers.
The SPY ETF, which tracks the S&P 500, could see negative impacts due to potential economic disruptions caused by China's industrial overcapacity and export surges. This could undermine U.S. investments and harm American workers, leading to broader market concerns.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50