The goods receive a slap with the threat of Trump fees for demand and economy

Oil prices and other basic commodities of industrial minerals have collapsed to grains, with the increase in customs attack by President Donald Trump, which fueled a trade war that threatens to do serious damage and claim raw materials. Gold prices have dropped after earlier recorded a new record. The new drawings are considered more serious than expected, as a customary tariff of 10% has been imposed on all exports to the United States, as well as higher rates across about 60 countries. Although a number of commodities, including energy, steel and aluminum, are excluded from these drawings, anxiety is increasing over a broader effect on consumption, especially with China and the European Union promised to take revenge. Brent -Ru -Terma contracts have decreased by the largest frequency since October, and the standard European gas touched its lowest level in three weeks, while buyer was up to 2.5%. Soybeans have scored the biggest decline since January, amid the fear that US crops would be damaged by retaliation, and that cotton prices dropped to the maximum on the stock exchange. The threat of the global economy said: “If it is assumed that these fees will actually be implemented, which is a great assumption, it will be the growth of the global economy pressure and of an inflationary nature.” He added: “For basic commodities, the impact will generally be negative on global demand, especially on the associated goods such as oil.” One of the most important problems in the commodity markets is the expected impact on China, which is the largest buyer of raw materials in the world. Beijing has already set fees on US agricultural products, amid the risks of an extra escalation in the trade war. As for Canada and Mexico, these are the most important sources of crude oil for refineries in the Middle West and the US Golf Coast; The new fees are currently not included. ‘The fees were bigger than expected. The question now is: How will other countries respond, and will we see against economic incentives? ‘ The pressure on the goods came despite the weakness of the dollar, which usually makes it more attractive to investors than other currencies. Customs Energy emissions said the White House reported that oil, natural gas and energy products were exempt from the new fees, which directly affected it on fuel flow. However, oil prices still swing due to the changes of Trump’s policy, from customs duties to sanctions introduced against Iran and Venezuela. In light of the impact of the fees on consumption, the frequency of the decline in the prices of repeated products exceeded the fall in crude prices. “The expected effect on the question due to customs duties has negative consequences for crude oil and repeated products, as well as the demand for natural gas to a certain extent, which is the main reason for low prices,” Florence Schmidt, a Rabobank expected effect on the question as a result of the dead duties, as well as an extensive range, to an extensive extensive. Prices, “and added that” there is something deeper than it seems, as the US LNG is still dependent on major purchase agreements with importers from Europe and Asia, they have now received strikes of comprehensive fees. “What are the fees imposed on minerals? Mineral issues are dealt with within a separate fee system known as” Item 232 “. Aluminum is actually subject to 25% comprehensive fees on all imports to the United States, while in the coming weeks of copper fees. Silver and copper by sending billions of dollars to the United States before entering any possible fees, to set the high prices. Retirement response comes from it, the United States may find it difficult to export its products to Asia, which is an important market for US grain and oilseeds, according to Oleh Hao, CEO of Ikon Commodities in Sydney. China and other parts of Asia are one of the largest cotton importers worldwide, and export material to the United States. Trump excluded the goods covered in the USMCA Free Trade Agreement, which could help maintain crop flow with America’s major commercial partners such as Mexico and Canada. Futures for canola rose to its highest level in about a month. This height indicates that the markets have already started with the possibility of imposing new fees on Canadian goods.