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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

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