Singapore (Reuters) -US President Donald Trump said on Sunday that he would present new 25% prices on all steel and aluminum imports in the United States, in addition to existing metal rights. He also said he would announce reciprocal rates on Tuesday or Wednesday.
Steelmakers’ actions in Asia mainly dropped on Monday, with the exception of people with operations in the United States. The pink dollar and the yields of the US treasury checked above.
Here is what market players say:
Kelvin Wong, market principal analyst, Oanda, Singapore
“Trade War 2.0 is different from the scope and implementation of Trade War 1.0 in 2018 because it involves more countries … (and) includes all the major American trade partners who have significant commercial surpluses with the United States
“Overall, Trade War 2.0 can upset the global trade flows which in turn reduce the prospects for global economic growth, which can lead to a stagflation environment.
“Short -term investors and merchants are now in terms of positioning the game book, because the global economy has not been faced with a stagflation environment in the last 15 years since the great financial crisis of 2009. “”
Vasu Menon, Managing Director, Investment Strategy, OCBC, Singapore
“It is not clear if Trump’s latest steel and aluminum rates are a negotiation strategy that he could deal later. After all, if it is implemented, she will also harm in the United States, counts Held to depend on steel and aluminum imported from Canada and Mexico who are major suppliers of these metals in the United States
The markets will be on board and volatile with the climbing of the trade war and investors must be caution for the moment and accumulate for perhaps more market turbulence. “”
Kyle Rodda, senior market analyst, Capital.com, Melbourne
“This adds to the potential shock of imminent prices of Trump’s trade policy. In the short term, it is inflationary. In the longer term and in the whole, it will be a brake on growth. There is also the question now From a dynamic tader-for-for-for in the global economy, because competitors like China respond with countermeasures.
Tomo Kinoshita, strategist of the global market, Investo Asset Management Japan, Tokyo
“Although the details (25% of steel and aluminum fare) have not been published, considering that the United States imports more than $ 100 billion per year for steel and aluminum , the additional annual rate resulting from this new price is likely to cost around $ 25 a billion.
