Bank of America commodity strategist Francisco Blanch has raised concerns that Donald Trump's promise to boost U.S. manufacturing and create jobs through high tariffs could lead to a decline in commodity prices. Blanch emphasized the slogan "America First" could translate to commodities coming second.
Trump's proposal to impose tariffs as high as 20% on all foreign goods has sparked warnings from experts about potential inflationary pressures. Although the full impact is uncertain, the strategy could significantly affect global trade dynamics.
Additionally, the Trump administration may resume issuing liquefied natural gas (LNG) export licenses, potentially impacting energy markets.
