White House's Brainard Says Biden's Targeted Tariff Hikes On Chinese Goods Are Aimed At Allowing U.s. To Develop Clean Energy Manfuacturing, Protect Strategic Industries
Portfolio Pulse from Benzinga Newsdesk
The White House, through Brainard, announced that President Biden's targeted tariff hikes on Chinese goods are intended to support the development of clean energy manufacturing and protect strategic industries in the U.S. This was discussed at a Council on Foreign Relations event.
September 16, 2024 | 5:17 pm
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The SPY ETF, which tracks the S&P 500, may experience volatility due to the potential impact of Biden's tariff hikes on Chinese goods, affecting sectors like clean energy and strategic industries.
The SPY ETF includes companies that may be affected by changes in trade policy, especially those in clean energy and strategic industries. However, the direct impact is uncertain, leading to potential volatility.
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