Trump trade tariffs will hurt economies in Asia, but it is not all doom and gloom

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The story "Trump trade tariffs will hurt economies in Asia, but it is not all doom and gloom" was covered 2 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 2d ago

Trump trade tariffs will hurt economies in Asia, but it is not all doom and gloom - The Straits Times

Quick Summary:

Singapore is one of the only two Asian nations, and the only one in Asean, with a free trade agreement with the US.

Trump’s promise to impose a 60 per cent tariff on imports from China and as much as 20 per cent from the rest of the world opens the door for retaliatory tariffs, which will crimp global trade and raise the prices of tradable goods.

SINGAPORE – Strong manufacturing capabilities and cost advantages will keep Singapore and other Asean economies attractive investment destinations but they still might take a hit from any policy upheaval in President-elect Donald Trump’s four-year term.