Trump orders steep tariffs on goods from Mexico, Canada, China
New York / Singapore (Reuters) – Saturday President Donald Trump ordered 25% tariffs on Canada and Mexican imports and China’s products on Tuesday to become what he calls in an emergency in America
Here are some comments from stratists and investors.
Nick Tveldale, General Market Analyst, ATFX Global, Sydney
“I think we will see some gaps (Monday) in relevant currencies. He still hoped that there would be a certain way, but it was not over, so we will see that we will respond to the markets. It’s negative for CAD, MXN and CNH, as well as a general risk.
“The stairs will be opened at the Asian session on foot, we will again view news for further updates.”
NISW FERRES, CIO, VANTAINE POINT ASSET MANAGEMENT, SINGAPORIR
“My meaning is that there is a negative negative reaction in Asia, especially since there is a place of talks. Tariffs are probably not as bad as fear, especially in China. “
Moh siong Sim, strategist, Singapore Bank, Singapore
“Tariffs, along with Tit-Tat’s vengefulness, will damage to growth in Mexico, Canada and China, and less, size, USA when it starts on Tuesday. The dollar is likely to be supported, taking into account the tariff shock. “
Dustin Reid, Home Strategy, Fixed Income, Mackenzie Financial, Toronto
“I think it’s quite negative for stocks. They will be sold together with other risky assets. If the tariffs are carried out, as it is now, it will quickly affect the price level on the price of shares and high beta assets. I think it is very likely that we will see that mutual tariffs have been announced. I guess it happens tonight. “
Mark Malec, Home Investment Manager, Siebert Financial
“So far the market has really been on the side of Trump, but this is something where the market can be challenged for the first time.”
Rick Meckler, Partner, Cherry Lane Investments, Family Investment Office, New Vernon, NJ
“These generalized tariffs that include a much wider range of products and are aimed at social policy, usually proven wrong. , there will be some point of view that this is still a negotiating plate. “
“I expected me to see that the market shocked it if it was signed and released in the way we understand that it could last.
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