PDBC - DBC: Tariffs And Sanctions Distort Commodity Prices

2024-05-15 13:50:58 ET

Summary

• The Biden administration has introduced tariffs on strategic Chinese exports to the U.S. and endorsed maintaining tariffs on Chinese goods imposed by President Trump.
• Trade barriers and tariffs could work against the U.S. central bank's efforts to battle inflation.
• The trade war between the U.S. and China is causing inflationary pressures and impacting global commodity prices.
• Invesco DB Commodity Index Tracking Fund ETF is a commodity fund, and PDBC is the version with no K-1.

The Biden administration introduced higher tariffs on electric vehicles, solar cells, semiconductor chips, advanced batteries, medical products, and other strategic Chinese exports to the United States. Additionally, the U.S. President officially endorsed maintaining tariffs on more than $300 billion of Chinese goods imposed by his predecessor, President Trump....

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