Metals News
Bloomberg’s Analysis of US Tax Reform Influence on Commodities Price
smm insight

SHANGHAI, Dec.4 (SMM)-Fielding Chen, economist of Bloomberg says, US tax reform has two major influence on commodities price. Firstly, accelerated US economy is good for recovery of global economic growth, which will increase demand of bulk commodities. Also, the rising anticipation of US’s carrying forward infrastructure building measures is also helpful to price of bulk commodities. Secondly, upward USD currency rate and interest rate is harmful to commodity price. Among these two factors, the first one will prevail the second on influence in the short term, which will be good for commodity price. However, these two factors cancel each other out, thus making no big impact in general.

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Tax reform
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