Markets react to Trump’s tariffs on steel and aluminium imports
On Sunday, Singapore (Reuters) President Donald Trump said he would present a new 25% tariffs for all steel and aluminum imports in the United States, at the top of the existing metal responsibilities. He also said that he would declare on Tuesday or Wednesday about mutual tariffs.
The shares of steel makers in Asia have largely fell on Monday to save those involved in the United States. The dollar’s rose and US treasury yield are higher.
This is what market participants say.
Kelvin Wong, Market Senior Analyst, Oanada, Singapore
“The Commercial War 2.0 differs from the 2018 trading war, as it includes more countries … (and) includes all major US trade opportunities with the United States
“In general, the trade war can transform the global trade flows, which, in turn, moisturize the world’s economic growth prospects that can lead to a bekan environment.
“Investors and short-term traders are now in Flux in terms of the positioning of the playing field, as the world economy has not clashed in the last 15 years in the 2009 major 2009 financial crisis.”
Vasu Meno, Executive Director, Investment Strategy, OCBC, Singapore
“It is unknown at this time what he will do after leaving the post. After all, if it is done, it will damage its dependence on the United States from Canada and Mexico to the United States.
The markets will be at the endangerment, for unstable, commercial war and investors.
Kyle Rodda, Senior Market Analyst, Capital.com, Melbourne
“It increases the possibility of potential atmospheric prices from Trump’s commercial policy. In the short run. – Dynamically developing in the world economy, as competitors like China answers counterattacks. Markets are currently responding to uncertainty. Hotspent
Tomo Kinoshita, Global Market Strabetist, Invesco Asset Management Japan, Tokyo
“Despite the 25% tariff for steel and aluminum), the United States is importing more than $ 100 billion a year, as a result of this new tariff, the annual tariff will be about $ 25 billion. It will be less than 0.1% of US GDP.
English