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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The Cattle Ranchers, who I love, don’t understand that the only reason they are doing so well, for the first time in decades, is because I put Tariffs on cattle coming into the United States, including a 50% Tariff on Brazil. If it weren’t for me, they would be doing just as they’ve done for the past 20 years — Terrible! It would be nice if they would understand that, but they also have to get their prices down, because the consumer is a very big factor in my thinking, also!”
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 about tariffs on Brazilian cattle could lead to increased volatility in the iShares MSCI Brazil ETF as investors react to potential trade tensions and their impact on Brazil’s economy. The mention of a 50% tariff on Brazilian cattle may cause concerns about reduced exports, which could negatively affect Brazilian agricultural stocks and the ETF’s performance. Additionally, the call for lower prices by U.S. cattle ranchers might influence consumer sentiment and demand, further impacting market dynamics.
Here are some of the stocks that might be affected:
iShares MSCI Brazil ETF ((EWZ)).