U.S. President Donald Trump has announced new 25% tariffs on all steel and aluminum imports, escalating concerns over a global trade war. This move follows existing metal duties and raises the possibility of retaliatory measures from other countries.

Market Reactions

🔹 Asian steelmaker stocks fell, except for those with U.S. operations.
🔹 The U.S. dollar strengthened, while Treasury yields edged higher.
🔹 Investors fear increased volatility, especially if China or other nations retaliate.

Expert Opinions on the Tariff Impact

💬 Vasu Menon (OCBC, Singapore)

• The move could be a negotiation tactic, but if enforced, it hurts U.S. manufacturers reliant on Canadian & Mexican steel.
• Investors should brace for volatility as the trade war escalates.

💬 Kyle Rodda (Capital.com, Melbourne)

• Short-term: Inflationary pressure due to costlier imports.
• Long-term: A drag on economic growth as trade tensions escalate.
• If China retaliates, markets could see a downturn.

Investment Strategy in a Volatile Market

Investors should monitor economic indicators and sector performance amid escalating trade tensions.

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