Tariff shock to delay payments, increase costs, hit growth in Apac
A combination of alternative shipping routes, higher prices, less trade and reduced investments, are all expected, according to a trade survey; there is more uncertainty ahead as the end of the 90-day pause edges closer.
Despite a 90-day pause, the tariffs, currently at 10%, that were imposed from US president Donald Trump on so-called ‘Liberation Day’ in April are set to have a huge impact on pricing levels and supply chains. The uncertainty around future trade deals is also having an impact, espcially for countrires with large manufacturing bases such as Bangladesh.
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