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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @WhiteHouse President Trump’s Asia tour kicks off in Malaysia with historic peace accords, slashed trade barriers, & transformative critical minerals deals. Unmatched dealmaking to put America FIRST. 🔥”
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 announcement of historic peace accords, reduced trade barriers, and critical minerals deals in Asia could positively impact the stock market, particularly benefiting companies and ETFs related to metals, mining, and industrial sectors. The SPDR S&P Metals & Mining ETF and Mp Materials Corp might see increased investor interest due to potential growth in mineral trade and mining activities. Similarly, the iShares U.S. Industrials ETF and Lithium Americas Corp could experience a boost as industrial and lithium sectors anticipate favorable trade conditions and resource availability.
Here are some of the stocks that might be affected:
SPDR S&P Metals & Mining ETF ((XME)),
iShares U.S. Industrials ETF ((IYJ)),
Mp Materials Corp ((MP)),
Lithium Americas Corp. ((LAC)).