SENGAFARA (Reuters) – US President Donald Trump said on Sunday that he would provide a new tariff of 25 % on all steel and aluminum imports to the United States, as well as current mineral duties. He also said that he would announce a mutual tariff on Tuesday or Wednesday.
The shares of Stelmakers in Asia fell on Monday, with the exception of those who have operations in the United States. The dollar rose the American treasury.
Here is what the market participants say:
Vasu Menon, Administrative Director, Investment Strategy, OCBC, Singapore
“It is not clear whether the latest tariff of steel and aluminum is a negotiation strategy that it can be asked later. After all, the United States will also hurt the United States as it depends on imported steel and aluminum from Canada and Mexico, and they are major suppliers in these minerals of the United States
The markets will be ready and volatile with the escalating trade war, and investors need to walk with caution at the present time and prepare for more disturbances in the market. “
Kyle Rodda, the great market analyst, Capitalsk, Melbourne
“It adds to the shock of the price waved on the horizon of Trump’s commercial policy. The short term in the long term. In the long term and in total, it will be a traction.
Tomo Kinoshita, Global Market Strategy Expert, Investco Asset Management Japan, Tokyo
“Although details (25 % tariffs on steel and aluminum) have not been released, given that the United States imports more than $ 100 billion annually to the steel and aluminum community, the additional annual tariff resulting from this new tariff is likely to be about $ 25 dollars. one billion.
Charu Chanana, Chief Investment Strategies, Saksu, Singapore
“These threats seem to be legitimate and the guarantee of Trump in implementation on the basis of national security. The old play book cannot be used because China is no longer an important resource for the United States after the 2018 tariff. Instead, the impact will be more clear in countries such as Canada, Mexico, the European Union, Japan and South Korea Taiwan and Brazil.
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