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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Remember, Japan is, for the first time ever, OPENING ITS MAKET TO THE USA, even to cars, SUV’s, Trucks, -and everything else, even agriculture and RICE, which was always a complete NO, NO. The Open Market Japan may be as big a profit factor as the Tariffs themselves, but was only gotten because of the Tariff Power. They also agreed to buy BILLIONS OF DOLLARS WORTH OF MILITARY AND OTHER EQUIPMENT, and give us 90% of 550 BILLION DOLLARS – AND MORE!!! MAGA!!!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s statement about Japan opening its market to the USA could positively impact stocks like Ford Motor Company and General Motors Company due to potential increased exports of vehicles. Boeing Company and the iShares U.S. Aerospace & Defense ETF might see gains from Japan’s agreement to purchase billions in military equipment. The Consumer Discretionary Select Sector SPDR Fund and iShares MSCI Japan ETF could experience volatility as investors react to the broader implications of increased U.S.-Japan trade relations.
Here are some of the stocks that might be affected:
Boeing Company ((BA)),
Ford Motor Company ((F)),
General Motors Company ((GM)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares U.S. Aerospace & Defense ETF ((ITA)),
iShares MSCI Japan ETF ((EWJ)).