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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I just had a very good telephone call with President Xi, of China. We discussed many topics including Ukraine/Russia, Fentanyl, Soybeans and other Farm Products, etc. We have done a good, and very important, deal for our Great Farmers — and it will only get better. Our relationship with China is extremely strong! This call was a follow up to our highly successful meeting in South Korea, three weeks ago. Since then, there has been significant progress on both sides in keeping our agreements current and accurate. Now we can set our sights on the big picture. To that end, President Xi invited me to visit Beijing in April, which I accepted, and I reciprocated where he will be my guest for a State Visit in the U.S. later in the year. We agreed that it is important that we communicate often, which I look forward to doing. Thank you for your attention to this matter!
DONALD J. TRUMP
PRESIDENT OF THE UNITED STATES OF AMERICA”
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 the U.S.-China relationship and the agricultural deal could boost investor confidence in companies like Archer-Daniels-Midland Company and Bunge Global Sa, as they are major players in the agricultural sector. The mention of strong bilateral ties and progress in agreements might positively impact Deere & Company, given its involvement in farm machinery, potentially leading to increased demand. The overall optimistic tone regarding U.S.-China relations could also influence broader market indices such as the Industrial Select Sector SPDR Fund and iShares MSCI China ETF, while the Consumer Discretionary Select Sector SPDR Fund might see varied effects depending on consumer sentiment.
Here are some of the stocks that might be affected:
Archer-Daniels-Midland Company ((ADM)),
Bunge Global Sa ((BG)),
Deere & Company ((DE)),
Industrial Select Sector SPDR Fund ((XLI)),
iShares MSCI China ETF ((MCHI)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).