Asia prepares for trade disruptions as Trump plans high tariffs on China
Asia is preparing for potential trade disruptions as Donald Trump plans to impose high tariffs on China and reassess U.S. security commitments to Taiwan and allies like South Korea and Japan. He has proposed tariffs exceeding 60% on all Chinese imports.
Trump's previous term led to a significant trade war, prompting companies to shift supply chains to other Asian countries. Analysts warn that his proposed tariffs could severely impact China's economy and global trade dynamics, with Asian currencies already declining against the dollar.
Japanese automaker Honda expressed concerns about the impact of Trump's tariff threats on its operations, while Taiwan's government remains optimistic about continued U.S. support despite Trump's critical remarks. Southeast Asian nations may also face scrutiny over trade imbalances with the U.S.