(Reuters) -Donald Trump, US President Donald Trump on Saturday, with a 10 % fee of 10 %, the tax rate is 25 %, and China has a responsibility of 25 %. The necessary measures for drug exchanges.
Canada and Mexico immediately vowed to retaliate against, and China stated that it would challenge Trump's taxation in the World Trade Organization and take other countermeasures.
Trump's move caused fluctuations in the commodity market. This is some of the reactions to the news:
Golden
"We still hope that Canadian oil producers will eventually bear most of the tariffs. In view of the limited alternative export market, Canadian crude oil has a high discount of 3 to 4 dollars per barrel of $ 4 to $ 4. To $ 2, USD $ 2.
"We estimate that the export of natural gas exports to Canada may be 1.16 billion cubic feet (BCFD) per day due to 10 % import tariffs, which can hardly affect US gasoline prices."
Barclays
"It can assume fairly that all the three parties in the supply chain (Canadian manufacturer, refinery-mainly in the central and western and final consumers) will bear the incremental cost equally.
"Overall, tariffs are not good for oil, because they pressure and increase the US dollar as needed, so we will feel more comfortable to make Brent-WTI narrow."
Citron
"We believe that on the basis of the 6-12 months, you upgrade tariffs to a unit price of $ 3,000 per ounce, silver to $ 36 per ounce per ounce per ounce, and in the next three months, in the previous three months The price of the previous price was $ 8,500 per ton "" "" "" ""
Jp morgan
"In the short term, we keep our tactics on alkaline metals and see the risk of LME 3 million copper prices. The risk is reduced to $ 8,500 per ton, while the LME 3 million aluminum may be reduced to $ 2,400/mt. /Ton, and at the recent price of risk premium, the risk of economic and inflation of these tariffs has increased.
"For silver, platinum and 工, the crackdown on industrial emotions and the threat of the automotive department may drive the sharp differences in gold in the short term, so that our bullish preferences are mainly for the time being."
Royal Bank of Canada Capital Market
"Tariffs cannot reduce the prices of gasoline in the United States. We believe that these tariffs may cause US natural gas prices to be higher than recent and medium -term, as long as it is valid.
"If the tariffs are further expanded, this only means that the cost of gold in the United States will be higher than other ways."
(Report by Bangladesh Anushree Mukherjee; Edit of Jacqueline Wong)