Samsung Securities announced on the 10th that unlike last week, when concerns about the trade war eased, this week's financial market is expected to focus on the tariff threat again.
"Trump's announcement of a 25% tariff on all aluminum and steel imported into the US, as well as the imposition of reciprocal tariffs in line with the tariff rates of the other country, is reigniting tariff concerns," said Ok Ji-hoe, a researcher at Samsung Securities. 1
US President Donald Trump is scheduled to announce a 25% tariff on all steel and aluminum products imported into the US on the 10th (local time). It is known that he plans to announce reciprocal tariffs on the 11th or 12th.
"Last week, non-ferrous metals rose despite Trump's tariff threat, amid expectations that the actual trade conflict would be less serious than expected," said researcher Ok. "In the early part of the week, non-ferrous metal prices plummeted due to the influence of President Trump's signing an executive order to impose additional tariffs on Canada, Mexico, and China, but tariffs on Canada and Mexico were temporarily suspended for 30 days."
"The pressure to rise increased as the interpretation that tariffs on China were also a negotiating strategy gained strength. From the middle of the week, the upward trend continued as Chinese investors returned after the Lunar New Year holiday, and despite lingering concerns about tariffs, expectations that the US and Chinese leaders would eventually reach an agreement became dominant."
He said, "As concerns about tariffs increased, demand for safe assets increased significantly, and gold prices continued to rise, reaching an all-time high of $2910.6 per ounce during the day." "In the case of platinum and palladium, which are used as catalysts for internal combustion engine vehicles, the possibility that the automobile industry will be included in the scope of Trump's reciprocal tariffs is increasing, and the downward pressure is increasing."
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