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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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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