The Business Times
business-time-50

Maganomics is coming for Asia, but it may not be as bad as feared

What a second Trump win might mean for the region

    • Republican presidential nominee and former US president Donald Trump at the end of his Make America Great Again Rally in Latrobe, Pennsylvania, last month. Trump has proposed a 60 per cent tariff on Chinese goods and a 10 to 20 per cent across-the-board tariff on imports from other countries.
    • Republican presidential nominee and former US president Donald Trump at the end of his Make America Great Again Rally in Latrobe, Pennsylvania, last month. Trump has proposed a 60 per cent tariff on Chinese goods and a 10 to 20 per cent across-the-board tariff on imports from other countries. PHOTO: REUTERS

    Khoon Goh

    Published Fri, Nov 1, 2024 · 07:00 PM

    A MORE protectionist America would be bad for Asia – but it need not be disastrous.

    The US presidential election is days away, and markets are starting to contemplate what a second Trump administration might mean.

    Betting markets currently favour former president Donald Trump with more than 60 per cent odds, while Vice-President Kamala Harris trails at 37 per cent. The implications of a Trump comeback for Asian economies could be significant.

    US Presidential ElectionDonald TrumpUS economic policymaking

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Just under two-thirds of affected homes are expected to be in London, according to estimates by estate agent Hamptons, and the government has said that it will use a home’s size and nearby sale prices nearby to judge the value of a property. 

    Britain’s mansion tax shows the difficulty of targeting wealth

    NUHS’ Ng Kian Swan says the projects that actually worked came from clinicians, nurses and infection-control teams sitting down with his team, not one department going it alone.

    Three hats, one goal: How Ng Kian Swan runs sustainability at NUHS

    Passenger cars have always been split into mass-market and premium COE categories, but commercial vehicles and motorcycles have not seen similar moves.

    COE review: The gap between luxury and mass-market cars isn’t the only one worth bridging 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More