US President Donald Trump tells about steel and aluminum and reciprocal customs increases later in the week.
In Asia, the stock prices of steel manufacturers fell on Monday, with the exception of them in the United States.
US President Donald Trump said on Sunday that he will announce steel and aluminum and reciprocal customs increases on Monday later the week.
– It is unclear whether Trump’s steel and aluminum duties are negotiation tactics and he will withdraw them later. If they come into effect, they will also harm the United States, which depends on the import of steel and aluminum in Canada and Mexico, says the Singaporean OCBC Bank’s Department of Investment Strategy Vasu going.
However, in Shanghai and Hong Kong, the stock market indices rose despite Trump’s speeches. In Japan, the Nikkei index opened in a slight decline.
Stock prices will also be printed by the US last week’s decline. Customs are feared to accelerate inflation and postponing interest rates.
The exact sanctions announced by China last week against the United States is also expected to enter into force today on Monday. These include 15 % customs coal and liquefied natural gas, as well as 10 % duty for agricultural machines and isomotric cars.
AFP, Reuters