Entering text into the input field will update the search result below

What Happened To Trump's Trade Restrictions, And Are They Still A Risk?

Orbex profile picture


  • It has been reported recently that there might be some tariffs in the 20% range on a handful of imported goods.
  • In April this year, the US began a “section 232” probe into whether steel imports posed a risk to national security.
  • Trump could potentially invoke infrequently used Presidential powers put in place during the cold war to erect barriers against Chinese steel imports without the need for congressional approval.

What Happened To Trump’s Trade Restrictions & Are They Still A Risk?

By James Harte

Trade Tariffs Take A Backseat So Far

Over the course of Trump’s presidential campaign, his proposed trade restrictions were a key focal point, and risk sentiment suffered as a result of the uncertainty linked to the issue. However, at the start of the second half of the year, it appears that investors are currently attaching little risk to the potential of such restrictions. Notably, though, it has been reported recently that there might be some tariffs in the 20% range on a handful of imported goods. As such, it is possible that risk sentiment will once again take a tumble as investors start to focus on the issue again.

Steel Imports Set to be Levied

Steel is one of the key goods set to be levied with a tariff. The steel market is the second biggest market in the world after Oil and gas, and in April this year, the US began a “section 232” probe into whether steel imports posed a risk to national security.

Eurofer Fear European Countries Will Suffer

The move is largely aimed at China, which is the top global steel producer, though the European Steel Association (Eurofer) has raised concerns over the likelihood of European countries suffering too. The group says that the proposed US steel tariffs could significantly damage global trade flows and that European countries are exposed because most Chinese steel is already subject to EU regulations.

At the G20 meeting over the weekend, leaders agreed an August deadline for the OECD-led group to compile information regarding steel overcapacity. A subsequent report on possible solutions is then due in November.

High inventories and firmer import pressure saw European steel prices falling 10% in the second quarter after rising around

This article was written by

Orbex profile picture
Orbex – Serving Traders ResponsiblyEstablished in 2011, Orbex was founded with a mission to serve its traders responsibly. And with that in mind, Orbex works diligently to provide its traders with access to the world’s largest and most liquid financial markets. The company offers multiple trading assets, including forex, indices, commodities, metals and stock CFDs, as well as highly competitive trading conditions and access to tier-1 bank liquidity. With a diligent customer support team to answer your every query, and a focus on research, analysis and enhanced security of client funds, Orbex upholds a reputation of seasoned expertise within the industry. Innovation at Every TurnA market leader in innovation and customer service, Orbex offers its traders highly competitive trading conditions, with fast execution of under 0.03 seconds per order, spreads starting from 0.0 pips, free VPS and leverage up to 1:500. This is in addition to an advanced selection of trading tools available on the industry’s favourite trading platform, MT4, both on desktop and mobile and for users of Windows, Mac, Android, and iOS. Traders can also benefit from daily trading signals and technical analysis reports via Trading Central, as well as the broker’s award-winning research team via the Orbex blog and social media channels. Investors of all trading styles are welcome, including scalpers, hedgers and fans of automated trading who can also select from a wide range of Expert Advisors, or create their own thanks to Orbex’s platform supporting fast EA development. With over 20 native support languages to assist you, an automated chat bot system to streamline response times, a robust FAQ center and a highly trained team of support specialists available 24/5, no matter your trading query, Orbex sets an industry example for stellar customer service and support. Click here to get in touch with Orbex.Trusted and RegulatedNot only is Orbex a trusted and award-winning broker, but it is also fully licensed by the Mauritius Financial Services Commission (FSC). Adhering to the strictest international regulations, Orbex has worked hard to consolidate its reputation as a trusted broker in the industry. This means offering their traders a secure trading experience, which includes but is not limited to, clients' funds segregation and the strict protection of data and personal information. When you combine this with the company's philosophy that encourages informed and responsible trading , and its status as an established source of valuable information, Orbex really stands out as the shining example of what it means to be a reliable broker. Education is Key Boasting an award-winning team of local and international investment researchers, Orbex focuses on offering traders of all levels the educational tools necessary to accompany every stage of their trading journey. From daily fundamental and technical analysis, to webinars, e-books, podcasts, videos and weekly reports, Orbex provides excellent educational material to suit every trader's needs. A leading provider in Elliott Wave research, Orbex analysis is frequently featured across global financial outlets, including Bloomberg, Refinitiv Eikon, and CNBC. Learn more about Orbex at https://www.orbex.com/en/

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.