Big Take Asia The World Is Paying for Trump’s China Tariffs
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Mar 25, 2025 
Katia Dmitrieva, a Bloomberg economics correspondent based in Hong Kong, discusses the global fallout from Trump's tariffs on China. She reveals how products meant for the U.S. are now disrupting markets worldwide, causing factory closures and job losses. The conversation touches on Southeast Asia's strategic pushback against Chinese imports and the changing dynamics of global trade as countries navigate these challenges. Dmitrieva outlines how regions are grappling with economic pressures while adapting to the long-term consequences of trade wars.
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Trade War's Unintended Consequences
- Trump's trade war aimed to boost US manufacturing.
- It inadvertently benefited other nations, leading to factory closures and job losses elsewhere.
Indonesia's Textile Troubles
- Indonesia's textile industry, particularly in Surikarta, is struggling.
- Cheaper Chinese goods are undercutting local producers, leading to factory closures.
China's Export Pivot
- Despite decreased US imports, China maintains global export share by targeting emerging markets.
- This shift caused job losses and economic hardship in countries like Vietnam, Indonesia, and Mexico.