Trump tariffs: Asia is reeling but is anyone winning?

The US president has reset the tariffs clock again, leaving Asia's export-driven economies in limbo.

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Tokyo, a long-time US ally, has been trying hard to avoid exactly this. It has been seeking concessions for its beleaguered car makers, while resisting pressure to open its markets to American rice.

There have been many rounds of talks. Japan's tariff negotiator has visited Washington DC at least seven times since April, when Trump announced sweeping tariffs against friends and foes.

And yet, those trips seem to have borne little fruit. Trump's label for Tokyo moved from "tough" to "spoiled" as talks dragged on.

And then this week, Japan joined a list of 23 nations that were sent tariff letters - 14 of those are in Asia. From South Korea to Sri Lanka, many are export-driven manufacturing hubs.

https://www.bbc.com/news/articles/ckg5l2yy42eo


Post ID: 4621338d-b641-40bf-af05-76e805c80566
Rating: 5
Updated: 3 weeks ago
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