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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The reason that The Wall Street Journal Editorial Board is always negative on “TRUMP,” and the Hundreds of Billions of Dollars we’re bringing into our Country through Tariffs, numbers that the U.S.A. has never seen before, is because they are China centric or, at a minimum, Globalists, and they would rather see China and the World, for reasons unknown, “WIN, BABY, WIN.” If the United States were not able to charge Tariffs to other Countries, it would be Economically defenseless and, of no further force or effect. The only thing that can destroy our Country are Crooked, Radical Left Judges, of which there are many!”
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 could lead to volatility in the stock market, particularly affecting companies and funds with exposure to China and media. News Corporation Class A might experience fluctuations due to its association with The Wall Street Journal, which Trump criticizes. The iShares MSCI China ETF, Vanguard Communication Services ETF, and Communication Services Select Sector SPDR Fund could see impacts due to potential shifts in investor sentiment regarding U.S.-China trade relations and media sector stability.
Here are some of the stocks that might be affected:
News Corporation Class A ((NWSA)),
iShares MSCI China ETF ((MCHI)),
Vanguard Communication Services ETF ((VOX)),
Communication Services Select Sector SPDR Fund ((XLC)).