Big Take Asia

Why Asia Was Hit Hardest by Trump’s Tariff Onslaught

11 snips
Apr 8, 2025
John Boudreau, Bloomberg's Southeast Asia editor navigating the intricacies of emerging economies, teams up with John Liu, senior executive editor for Greater China, to unpack the seismic impact of Trump's tariffs on Asian markets. They discuss how nations like Vietnam and China are grappling with crippling levies, triggering investor panic and stock market declines. The conversation dives into the strategic diplomatic maneuvers of Asian economies as they balance relationships with both superpowers while recalibrating their economic futures in a shifting global landscape.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Asia Hit Hardest by Tariffs

  • Trump's tariff announcement shocked markets and escalated trade war fears.
  • Asia, heavily reliant on exports, faced significant tariff increases, impacting economies like China and Vietnam.
INSIGHT

China Tariff Breakdown

  • Trump's tariffs on Chinese goods have increased significantly, exceeding 50% with some over 60%.
  • The tariffs affect various products, and previous levies contribute to the cumulative burden.
INSIGHT

China's Growth at Risk

  • China's ambitious 5% GDP growth target is threatened by the tariffs.
  • Trade, a key driver of China's economy, faces challenges amid issues in real estate, consumption, and government spending.
Get the Snipd Podcast app to discover more snips from this episode
Get the app