Trump's reciprocal tariffs hit Asia hard

The growth outlook has unambiguously worsened across the board.

Apr 03, 2025

∙ Paid

The Trump administration’s ‘reciprocal tariffs’ are out. Only it seems that tariff rates didn’t have much to do with how these rates were arrived at. The experts on X figure that it’s just the ratio of the bilateral US trade deficit with a country to the US imports from that country, with a min rate of 10%.

Now that we know how much thought went into these rates - which are likely to wreak havoc on global trade and growth - let’s turn to more important matters.

A rough four years await Vietnam

Five themes for Asia in 2025 : China slowdown

Trump's tariffs and the future of trade

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