NEW YORK/SENGAFORA (Reuters) -President Donald Trump ordered 25 % on Canadian and Mexican imports and 10 % on goods from China starting on Tuesday to address what he calls a national emergency of fentanel and illegal immigration in us
Here are some comments from strategists and investors:
Nick Todel, Senior Market analyst, ATFX Global, Sydney
“I think we will see some cells (Monday) with the currencies concerned. There is still some hope that there will be a form of Rearve, but this did not arise, so we will see that the markets interact. It is negative for CAD, MXN and CNH, as well as the risks Comprehensive.
“The stocks will open on the back foot in the Asian session, then we will monitor the newswires hard again for more updates.”
Nick Ferres, Cio, Vantage Point Asset Management, Singapore
“My sense is to fade any negative reaction in the open in Asia, especially since there is room for negotiation. The definitions are likely to be bad as it was afraid, especially in China.”
Moh Seong Sim, Strategic Expert, Singapore Bank, Singapore
“Customs duties-besides the possibility of revenge for revenge-growth in Mexico, Canada and China, to some extent, the United States, when it begins on Tuesday. The dollar is likely to be supported by the shock of the tariff.”
Dustin Reed, Senior Strategy, Fixed Income, McKinsey Financial, Toronto
“I think it is very negative for stocks – will be sold, along with other risk assets. If the definitions are made as it seems now, it will have a significant impact on the price levels in the United States very quickly, which will also work high assets in the stocks and their assets.
Mark Malik, Chief Investment Officer, Sepert Financial
“Until now, the market was already beside Trump, but this is something that could change and the market can be challenged for the first time. The unknown will strike the market, and there is no doubt about it.”
Rick Micheller, partner, Cherry Lane Investments, Family Investment Office, New Vernon, NJ
“These generalized definitions cover a wide range of products and target in social policy are usually proven to be a mistake. I think this is the reason, there will be some vision that this is still a trick of negotiations.”
“I expect to see the market is interested in it if it is signed and released, in the form we understand it may require this.
“A full reaction will not be reached until it is clear that this is politics.”
(I participated in the reports of Susan McGgy and Tom Westprook; collected by Megan Davis; edited by Nick Ziminski and William Malaard)