U.S. Treasury's Yellen Says Inappropriate To Remove U.S. Tariffs On China As They Have Not Addressed U.S. Concerns; Relationship With Vietnam Upgraded, Hanoi Maintains Policy Of Working With Various Countries
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated that it is inappropriate to remove U.S. tariffs on China as they have not addressed U.S. concerns. Additionally, the U.S. has upgraded its relationship with Vietnam, which continues to maintain a policy of working with various countries.
June 20, 2024 | 2:34 pm
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POSITIVE IMPACT
The U.S. upgrading its relationship with Vietnam could have a positive impact on the SPDR S&P 500 ETF (SPY) as it may lead to stronger economic ties and trade opportunities.
Strengthening ties with Vietnam could open new trade opportunities and economic benefits for U.S. companies, positively impacting the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
The U.S. Treasury's decision to maintain tariffs on China could negatively impact Chinese stocks, as represented by the iShares China Large-Cap ETF (FXI).
Maintaining tariffs on China suggests continued trade tensions, which could negatively impact Chinese companies and, by extension, the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80