Trump's Potential Victory Could Leave Asia in Trade Dilemma

CosmicTaco · 2024-11-07T09:36:22.254555+05:30

- The 39th ASEAN Roundtable discussed the potential impact of a Trump victory on Asia's trade. - Some believe that Trump's protectionist policies could lead to brutal tariffs, while others think Asia could benefit from the America-China trade war. - Trump's idea of a 10-20% across-the-board tariff could severely impact Asia, as America is the leading export destination for many Asian countries. - A simulation by Oxford Economics suggests that non-China Asia would be a net loser in a full-blown tariff scenario. - While some Trump loyalists downplay the chances of an all-out trade war, the uncertainty could still hurt commerce. Source: [the economist](https://www.economist.com/finance-and-economics/2024/10/30/donald-trump-would-leave-asia-with-only-bad-options)

The 39th ASEAN Roundtable discussed the potential impact of a Trump victory on Asia's trade.
Some believe that Trump's protectionist policies could lead to brutal tariffs, while others think Asia could benefit from the America-China trade war.
Trump's idea of a 10-20% across-the-board tariff could severely impact Asia, as America is the leading export destination for many Asian countries.
A simulation by Oxford Economics suggests that non-China Asia would be a net loser in a full-blown tariff scenario.
While some Trump loyalists downplay the chances of an all-out trade war, the uncertainty could still hurt commerce.

Source: the economist