VP Harris Says I Will Never Hesitate To Take Swift Measures When China Undermines Trade Rules Of The Road, Including On Steel
Portfolio Pulse from Benzinga Newsdesk
Vice President Kamala Harris has stated that she will take swift action if China undermines trade rules, particularly concerning steel. This statement could impact trade relations and market sentiment towards Chinese and US markets.
September 25, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
VP Harris's comments on China trade rules could influence US markets, potentially impacting the SPDR S&P 500 ETF Trust (SPY) due to broader market sentiment shifts.
While the statement primarily targets China, any resulting trade tensions could influence US market sentiment, potentially affecting SPY. However, the direct impact is less certain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
VP Harris's statement on taking action against China for undermining trade rules could affect Chinese markets, potentially impacting the iShares China Large-Cap ETF (FXI).
The statement by VP Harris suggests potential regulatory actions against China, which could negatively affect Chinese stocks included in FXI, as market sentiment may turn cautious.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80