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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!”
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 critical comments about India’s economic relationship with Russia and high tariffs could lead to increased volatility in the iShares MSCI India ETF. Investors might perceive heightened geopolitical risks and potential trade tensions, which could negatively impact market sentiment towards Indian equities. Additionally, the lack of business relations between the U.S. and Russia, as highlighted by Trump, may further influence investor caution in related markets.
Here are some of the stocks that might be affected:
iShares MSCI India ETF ((INDA)).