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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“I WILL ONLY LOWER TARIFFS IF A COUNTRY AGREES TO OPEN ITS MARKET. IF NOT, MUCH HIGHER TARIFFS! Japan’s Markets are now OPEN (for first time ever!). USA BUSINESSES WILL BOOM!”
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 on tariffs could lead to increased volatility in the stock market. Companies like Apple Inc and Boeing Company might benefit from reduced tariffs if Japan’s market opening leads to increased sales opportunities. Meanwhile, the Industrial Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund could see positive impacts due to potential growth in U.S. businesses, while the iShares MSCI Japan ETF might experience fluctuations based on Japan’s market response.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Boeing Company ((BA)),
Tesla Motors ((TSLA)),
Industrial Select Sector SPDR Fund ((XLI)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares MSCI Japan ETF ((EWJ)).