(Reuters) -Pressend Donald Trump told reporters on Friday that Canada, Mexico and China have no power to prevent tariffs and add that the planned tariff plan for the European Union is “very substantial”.
Trump promised to tariffs on the chips and stated that it might be oil and natural gas tariffs on February 18. The White House said that Trump will tariffs on 25 % of imports from Canada and Mexico on Saturday, and 10 % of Chinese goods tariffs will take effect immediately.
Trump admits that sometimes the tariff fee is transferred to consumers, and said his plan may cause short -term damage. But Republican President told reporters in an oval office that he was not worried about the financial market's response.
The S & P 500 Standard S & P was low in tariff comments and eventually decreased by 0.5 %. Nasdaq is less than 0.28 %. The euro was reduced by 0.28 % to $ 1.0361. The Mexican peso increased by 0.19 %, while the US dollar was 20.706. The US dollar in Canada weakened 0.42 % of green, each USD 1.45. Comment:
Eric Clark (Eric Clark), San Diego rational dynamic brand foundation investment portfolio manager
“The market is a expected mechanism. The company that may be affected has been trying to predict that Trump's expectations will happen. If a company knows that there will be tariffs to some extent, I guess you are going forward to order. Everyone knows Trump's script, so if he is smart, he may change. For short fluctuations. With a lot of noise and uncertainty, uncertainty will suspend the company and consumers, which may reduce consumption and growth. “
“This is still a negotiation position. If he causes a little fluctuation, I will say” buy dipping sauce. “
“We are very optimistic this year … These are things that can create volatility.”
Gordian Kemen (West), the head of Em Sovereign strategic,, Standard Charter “We have always been cautious about Mexico, mainly because of tariff threats. The source and rate of fx.
“We will have to wait for the exact detail of the tariff announcement (Saturday). Especially, we need to know whether there are conditions, whether this will allow Mexico to avoid these tariffs and whether they can meet these tariffs. These conditions are for Mexico for Mexico. It can be achieved, we think there will be room for the market. “
Daniel Skelly, the head of the research and strategic team of Morgan Stanley Wealth Management Market in New York
“We have quoted the potential of the volatility around the tariff. Today we have seen it play a role in the market. Just like the AI news on Monday, how the market will absorb this development project for a long time, and there are still many unsolved unsolved. The problem, but in the next few days, the situation may be very different.
Phawan Pramol Dhaawan, PIMCO EM Portfolio Management
“Although there is turbulent, we think that Mexico has made Mexico as a net winner for a long time in this case. The Mexican government has made decisive actions by implementing the restrictions on Chinese textile imports, which clearly shows that it is consistent with the United States as the United States Sex. They are different from the first Trump administration. Tariffs gradually disappear and cannot be in border cooperation.
Horizo N Investment Services CEO Chuck Carlson, Horizo N Investment Services
“I'm not surprised. If (tariff) starts two weeks after now, I will be very surprised. In other words, I think Trump must do so because he said he will.”
“But I also think they will find victory or clear victory to get rid of the victory. Therefore, I think the reason for the market for sale is my business, and it provides more opportunities, because I think these (tariffs) will not last in essence. “” “
“(Canada and/or Mexico) either blink or blink.”
“In other words, allowing the government to claim to victory basically, and then cancel them.”
“They are not NITWITs. They know whether 25 % of the time exists. This is not good for anyone to do some industries here (such as cars, etc.).”
“Tariffs are actually used as weapons for political purposes. Trump said he would do this, so he had to do so. But he didn't say long.”
Lawrence Gillum, chief fixed income strategist, LPL Financial, Fort Mill, South Carolina,
“There is a hesitant thing in the market that tariffs will actually happen, but the market now responds to news … concerns about tariffs must be retaliated, and you are caught in a trade war. This may be inflation and/or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or or/or it. Negative impact on economic growth “
Toronto Corpay chief market strategist Karl Schamotta
“After a series of false dawn, I hope Donald Trump will not impose tariffs on Canada and Mexico on February 1. However, traders still believe that the president plans to use tax taxes as negotiation tools. It is hoped that they will keep the damage to the US economy itself.
“Before reaching a resolution, the currency market may continue to see the price action of the whip, and the directional trend will still be vigilant about the latest statement of the White House.”
Dustin Reid, the chief strategist of McCanzi, who invests in fixed income,
“In the US market, we only see smaller selling; maybe we are still in the stage of” show me “here, because in the first few weeks of the presidential term, the title is so much that the market really needs a certain degree of certain extent. It is true and clarity, and then constructed. At present, no one knows what is excluded or included, which shows many of us that the decision makers are still patching these details, that is, the actual details are actually real -time in real time For example, I heard that Canadian oil will be hit by bats, and oil and natural gas will face tariffs, but it is not doubt until February 18. The rate is much lower, and the market pricing is more important, the Canadian bank has reduced the earlier tax rate. “
Alex Morris, Chief Investment Officer of F/M Investment, Washington, DC
“My first comment on the team was 'the first round of Lutnick.' Howard Lutnick was approved as the Minister of Commerce at the hearing. SCOTT BESSENT, the last financial minister, told Congress at the hearing that he did not think they did not. Another policy. Fulled, but he may still reconcile. After all, in this case, Canada and Mexico are not completely powerless. Okay.
(Compiled by global finance and market breaking news team)
