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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“We had a very productive call with President Lula of Brazil. Among the things discussed were Trade, how our Countries could work together to stop Organized Crime, Sanctions imposed on various Brazilian dignitaries, Tariffs, and various other items. President Lula and I established a relationship at a meeting which took place at the United Nations, and I believe it set the stage for very good dialogue and agreement long into the future. I look forward to seeing and speaking with him soon. Much good will come out of this newly formed partnership!”
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 positive remarks about a productive call with President Lula of Brazil could bolster investor confidence in the iShares MSCI Brazil ETF, as improved trade relations and cooperation on organized crime may enhance economic stability and growth prospects in Brazil. The discussion on tariffs and sanctions might lead to policy changes that could benefit Brazilian markets, potentially boosting the ETF’s performance. Overall, the anticipation of a strengthened partnership between the U.S. and Brazil could lead to increased investor interest in Brazilian equities.
Here are some of the stocks that might be affected:
iShares MSCI Brazil ETF ((EWZ)).