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SENGAFAR (Reuters) -President Donald Trump said on Sunday that he would offer a 25 % new tariff for 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:
Kelvin Wong, Senior Market Zoom
“Trade War 2.0 Trade 2.0 varies in 2018, including more countries … (and) all the main commercial partners in the United States who have a major trade surplus with the United States
“Everyone in all, the 2.0 commercial warfare that flows global trade, which in turn reduces the prospects for global economic growth, may lead to a stagnation environment.
“Investors and traders are now in a state of flow in terms of determining the location of books because the global economy has not faced a recession environment in the past 15 years since the 2009 major financial crisis.”
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, chief analyst in the market, 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.
