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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Next week’s Case on Tariffs is one of the most important in the History of the Country. If a President is not allowed to use Tariffs, we will be at a major disadvantage against all other Countries throughout the World, especially the “Majors.” In a true sense, we would be defenseless! Tariffs have brought us Great Wealth and National Security in the nine months that I have had the Honor to serve as President. The Stock Market has hit All Time Highs many times during my short time in Office, with virtually No Inflation, and National Security that is second to none. Our recent successful negotiation with China, and many others, put us in a strong position only because we had Tariffs with which to negotiate fair and sustainable Deals. If a President was not able to quickly and nimbly use the power of Tariffs, we would be defenseless, leading perhaps even to the ruination of our Nation. The only people fighting us are Foreign Countries who for years have taken advantage of us, those who hate our Country and, the Democrats, because our numbers are insurmountably good. I will not be going to the Court on Wednesday in that I do not want to distract from the importance of this Decision. It will be, in my opinion, one of the most important and consequential Decisions ever made by the United States Supreme Court. If we win, we will be the Richest, Most Secure Country anywhere in the World, BY FAR. If we lose, our Country could be reduced to almost Third World status — Pray to God that that doesn’t happen!”
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 the potential Supreme Court decision regarding tariffs could lead to increased volatility in the stock market, particularly affecting companies and funds with significant international exposure. Apple Inc. and Tesla, Inc., which rely heavily on global supply chains and international sales, may experience stock price fluctuations due to potential changes in trade policies. Similarly, funds like the Industrial Select Sector SPDR Fund, Technology Select Sector SPDR Fund, Alibaba Group, and iShares MSCI China ETF could see impacts based on the perceived risks or benefits of tariff adjustments on international trade relations.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Tesla, Inc. ((TSLA)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Alibaba Group ((BABA)),
iShares MSCI China ETF ((MCHI)).