The wealthy will shield Asian banks from Donald Trump's tariffs; here's how

Q: How long will it take to read this news story?

The story "The wealthy will shield Asian banks from Donald Trump&#039;s tariffs; here&#039;s how" has 849 words across 38 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "The wealthy will shield Asian banks from Donald Trump&#039;s tariffs; here&#039;s how" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 321 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23564870</li><li>URL: https://beamstart.com/news/the-wealthy-will-shield-asian-17314718912231</li></ul>

Business Standard Logo Business Standard 1w ago

The wealthy will shield Asian banks from Donald Trump's tariffs; here's how - Business Standard

Quick Summary:

Out of the top 15 trade partners with whom the US has a trade deficit, eight are from Asia.“The entire region is in the firing line,” according to Priyanka Kishore, an economist at Singapore-based consulting firm Asia Decoded Pte.

Trump’s proposed 10 per cent to 20 per cent tariff on all foreign-made goods — 60 per cent or higher on products from China — will be more than a bucketful of sand in the wheels of commerce.Anxiety is running high.

If inflation is high and asset prices volatile, the global wealthy will want to put their cash to work in unconventional assets, especially ones they think will do well during Trump’s second term.