Finance and economists assured the Arabs that the new American fees announced by US President Ronald Trump will not affect the Qatari economy or the prices of goods and services in the local market .. They added that the Qatari economy has strength and ability to face challenges, including the new American fees, as it did not exceed Qatar and remained fixed at 10 %. They stressed that the decision will not have direct effects on Qatar, the money market or prices, because imports and exports with America are mostly raw and industrial materials that will not be subjected to pressure and fees on them remained fixed. They emphasized that government policies focus on supporting the local industry and the national product through incentives and benefits enjoyed by the local product and granting it priority in the market, as the state seeks to attract foreign capital, in the economic, commercial and service activities and sectors, all of which are factors that fortify the Qatari economy against any problems or difficulties.
Financial expert Ibrahim Al -Hajj Eid confirms the strength of the Qatari economy through the policy of economic diversification currently followed by the state for years, and his ability to face universal difficulties and challenges, including the new American drawings announced by President Trump, as it did not exceed Qatar and remained fixed at 10 %.
And he confirms that the decision will not have direct effects on Qatar, the money market or prices in the local markets, because imports and exports with America are mostly raw and industrial materials that will not be pressured because the fees on them are not changed.
He adds that government policies focused on the other hand on supporting the local industry and the national product through incentives and benefits enjoyed by the local product and giving him priority in the market, and the success of plans to achieve self -sufficiency and achieve food security, which is the state logo and works to achieve it and lead to increased local production
On the other hand, the state seeks to attract foreign capital, in economic, commercial and service activities and sectors, all of which are factors that fortify the Qatari economy against any problems or difficulties.
There are no direct effects
The economist and financial expert Ahmed Aqel, in turn, confirms that there are no direct effects from the new customs duties on the Qatari economy, as the fees have not witnessed any increase and the decision was proven at 10 %, although it will be very limited and we can hardly feel it because of the strength of the Qatari economy. Aqel explains that the pressure will be indirect due to the new customs laws and other decisions, the most important of which is the pressure on oil prices and currency prices in the world in addition to the global financial markets.
Aqel asserts that most American products and goods have alternatives at the level of European and Asian countries … and Qatar during the past years has managed to build a strong economy that focuses on economic diversity, and that trade exchange is carried out with the countries of the world with great diversity, adding that Qatar has achieved self -sufficiency in a large number of products and goods, especially food, which supports the Qatari economy in front of any external challenges, including new American fees, and mitigate their luminosity on The economy … and therefore there will be no effects on the level of state revenues, prices of American commodities and products, or the prices of other commodities in the local market.
Aqel adds that there is another indirect effect through the process of linking the US dollar and the Qatari riyal and any effects or pressure on the US dollar that will be reflected on the rates of currencies associated with them, but in a very limited form.
Akl affirms that the American economy is one of the largest economies in the world, and therefore any impact on it is reflected on the global economy in varying degrees, whether decisions, laws or events, and Akl adds that the effects include oil prices, gold prices and stocks in global stock exchanges, and the prices of major currencies in the world, especially the dollar in which most commercial transactions are carried out between countries.
Aqel explains that there is an overlap between companies in the world and most of them deals with dollars and deals with goods and products with America, and adds that the majority of Qatari commodities exported to the United States are initial petrochemical materials such as fertilizers and others, and some energy and aluminum materials .. It confirms that most of these materials and products were not included in the new American fees issued by Trump the day before yesterday, although some of them entered the fees will be the lowest category. On it.
He adds that we should not forget that the United States has significant investments in the State of Qatar, and that from 15 % to 20 % of Qatari imports comes from the United States, thus leading to price pressures, but they are very weak on these imports.
Global supply chains
On the other hand, in terms of global influences, Oli Hansen, head of the commodity strategy at Saksu Bank, confirms that the measures announced by Trump on the alleged “liberation day” constitute a declaration of an economic war that is likely to cause chaos in global supply chains, which raises the risks of economic repercussions and weakens the demand for basic commodities, especially in the energy and industrial energy sectors. Where the financial market reactions came to the declaration of fees, as the US dollar, stock markets and the returns of American treasury bonds witnessed sharp declines.
The commodities have witnessed wide declines, as the Bloomberg Commission Index decreased by 1.2% since Monday, with the largest losses in the energy and industrial minerals based on growth and demand. But so far, these declines have not led to major technical breakthroughs, which may limit the pressure of sale by traders who depend on momentum. Moreover, the decrease in the acute dollar, along with high inflation expectations, reduces the risk of a significant correction at this stage.
The metal fees remain largely unchanged, as customs duties on steel and aluminum remain at 25%, and copper fees have not yet been imposed, pending the completion of division investigations 232. However, prices decreased due to the risks of economic slowdown, especially in China, which is the largest source and consumer of raw materials in the world, which faces fees of no less than 54%, with a threat of an additional 25%if it continues to buy oil Venezuelan.
Gold prices
He adds gold prices slightly, after it reached a new record at 3,167 dollars an ounce during the night, supported by geopolitical and economic tensions, as well as the weakness of the dollar and high inflation expectations, which prompted the real returns of American bonds to decline. Although these factors will remain supportive of gold prices, the current rush towards reducing debt amid market fluctuations may be reflected in gold as well, especially after the last standard ascending wave. The depth of a possible correction will depend on the balance between investors in the short term, who focus on technical analysis, and investors in the long term, such as major financial institutions, high -level financial solvency and central banks. With the significant increase in gold in the past three months, a correction to the level of $ 3,000 – or to $ 2,960 – will not be worried.
Cotton futures
Cotton futures also decreased by 4.4% at the opening – which is the permitted maximum permit on the stock exchange – after the announcement of the American drawings. Cotton is often seen as an indication of global growth, as demand is closely related to the health of the global economy, given that consumers tend to reduce their spending on clothes during the periods of economic slowdown. With the registration of losses in the grain and soybeans sectors in anticipation of a reaction from China, which is a major importer of these crops, the bad weather conditions in Brazil are still supporting Ben Arbika prices, while cocoa prices rose amid expectations of a medium -sized crop than expected in West Africa.