Asian shares of steel water draw Cengdeng, harsh criticism of your trump new tax policy

The effect of the manufacturer's stock in the whole of Asia steel and aluminum in the combustion state, from improving the import tax plan, President Donald Trump is the risk of war is more profound and intense trade in the global scope.

Pohang iron and steel stocks and the thrust reduction leading Japan and South Korea, Japan Sumitomo metal is iron and steel and steel rolling Baoshan Steel Corp in the Chinese largest than reducing sealing half. A stock aluminum level fell by nearly 3% records.

Yesterday (1 / 3), your trump speech at the meeting said the United States will import tax of 25% steel and aluminum 10% "for a long time, is expected to be formally signed the order in the next week.

"The industry for decades of aluminum and steel (and many others) loss, because we have been unfair trade activities and policy shortcomings. We can not allow the country, and our employees are then we want to free trade, fair, smart!" You write trump on twitter.

Although so far there is no intention to conceal the president of the United States to protect the interests of American manufacturers risk in overseas, in other countries there will be retaliation, the result is the key of steel and aluminum export markets around the world, will close the door completely with the manufacturer.

"To say, throughout the Asian Steel Corp will be the most affected area because they are the largest export", Gavin Wendt, senior analyst at mine life, Pty (Sydney) said. "First of all, will affect the yield."

For most applications, protect your business against trump Chinese, although the country is not in Asia organization in the United States steel exporter, only the most 2% of the total U.S. imports of steel. However, this does not stop the stock rate, reduce steel China.

However, Chinese is the fourth largest aluminum suppliers for president of the United States and the United States market accounted for 14% of aluminum Chinese exports last year.

The bank in the report ANZ today confirmed that the new tax risk your plan trump "to create a trade war, the economy lost the growth speed, pressure, and heavy industry".

Your behavior has caused a severe reaction from Trump, vice president of other countries. Li Xinchuang, iron and Steel Association Chinese wrote in what said: "this is a stupid protective measure will enable the United States to become weak and not strong". Follow you, overprotection of iron and steel industry iron and steel industry will make us become backward at the same time, the increase in cost, consumers bear.

The result is a glimpse of Moodie is that money from American manufacturers, heavy machinery company production, automobile to construction companies and refineries will bear the cost of a higher level. For a long time, and the creation of the competitive power of the United States may be affected.

According to the Andrew Phillips economic experts determined Alec Tilton and Goldman Sachs Chinese retaliation, can use 5, taxes or restrictions on imports of goods from the United States service management policy, take more extreme on the United States in Chinese activities, reduce the price of RMB to support exports, selling U.S. assets (such as bonds) or changing the attitude of the problem, and in the Korean Peninsula geopolitical issues.

While the European allies of the United States and Canada also expressed a protest after the news was announced." We will not sit and watch industry hurt is unfair policies threaten millions of lines of Europe, the European Commission Chairman Jean Claude Junker said.