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Trump tariffs on North America hint at first stirrings of what’s to hit South-east Asia

Notwithstanding short-term gains, the export-dependent region is likely to face an economic blow from a broader trade war, analysts say

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Goh Ruoxue

Goh Ruoxue

Published Thu, Feb 27, 2025 · 05:00 AM
    • A worker selects avocados at a packing plant in Mexico. End-users in the automotive, agri-commodities, energy and packaged foods sectors would be hardest hit by heavier price tags, says Boston Consulting Group.
    • A worker selects avocados at a packing plant in Mexico. End-users in the automotive, agri-commodities, energy and packaged foods sectors would be hardest hit by heavier price tags, says Boston Consulting Group. PHOTO: AFP

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    VIETNAM, Thailand and Malaysia could soon feel the brunt of escalating trade tensions as US President Donald Trump’s tariff moves on its two largest trading partners mark the opening act of a gathering storm.

    While the North American levies in themselves will not have a dramatic impact on South-east Asia directly, pundits cautioned against secondary shockwaves percolating through the US and warned of disrupted trade flows dampening regional growth.

    These tariffs are but the first chapter in a broader “America First” policy, said Aparna Bharadwaj, global leader for the global advantage practice at Boston Consulting Group (BCG).

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    Asean BusinessUS tariffsDonald TrumpMexicoCanadaTariffsSouth-east Asia

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