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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“The U.S. Supreme Court was given the wrong numbers. The “unwind” in the event of a negative decision on Tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars. It would not be possible to ever make up for that kind of a “drubbing.” That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!”
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 post suggests that a negative Supreme Court decision on tariffs could lead to a massive economic setback, potentially affecting investor confidence. This uncertainty may result in volatility for the Financial Select Sector SPDR Fund (XLF) as financial institutions could face increased risks. Similarly, the Industrial Select Sector SPDR Fund (XLI) might experience fluctuations due to potential disruptions in industrial investments and operations.
Here are some of the stocks that might be affected:
Financial Select Sector SPDR Fund ((XLF)),
Industrial Select Sector SPDR Fund ((XLI)).