Tag: trump

China, India, Vietnam, Korea, Japan, Bangladesh, Malaysia, Taiwan, Cambodia, Thailand, Pakistan and Indonesia to be hit particularly hard by US tariffs on imports announced on April 2; many fear the move could spark a global trade war.

US president Donald Trump is causing chaos this week across global markets with a spate of tariffs set to take effect in the US on April 2, against a wide range of goods; Goldman Sachs is predicting an extra US rate cut this year, amid stagflation fears.

The window left for negotiation remains key for the market to understand the impact of tariff policies, according to experts speaking at HSBC’s summit in Hong Kong this week; overnight the White House has announced 25% tariffs on cars from April 3 and car parts from May 3.

US inflation was lower than expected in February; the 2.8% read came as the US introduced global 25% tariffs on steel and aluminium imports; and then the EU and Canada retaliated; in Apac, Australian and Korean steelmakers are most at risk.

A swift change in tone from US president Donald Trump around tariffs show how his words and actions are having a volatile impact on Asia Pacific's currencies; they are likely to be on the defensive this year.

US president Donald Trump appears to be moving ahead with tariffs on Canadian and Mexican goods, and additional tariffs on China. China has since placed retaliatory tariffs on many US products including soybeans, chicken and dairy products, of up to 15%.

US president Donald Trump has issued executive orders to place 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods; the tariffs begin February 4, although the Mexican and Canadian tariffs have been delayed for a month; China has now retaliated.

After significant frontloading of trade before Trump's inauguration, Asian firms are still waiting for concrete tariff steps from the new administration as it upends the global order by pulling out of the Paris climate accord and the World Health Organisation.

As the PBOC sticks to 7.2-level fixing rate, Donald Trump’s administration’s decisions on tariffs will have the largest impact on the currency in 2025.

The reaction in Asia to Trump's victory has so far been broadly contained, according to Manulife Investment Management; however the pick of Howard Lutnick as commerce secretary suggests more tariffs on goods are in the pipeline.

Rising reserves could contribute to international tensions over exchange-rate policies as Donald Trump returns to the White House.

When it comes to supply chains, making sure you have a Plan B or "plus one" is becoming essential, particularly in the light of an incoming new US administration and the threat of tariffs.