Why Asia Was Hit Hardest by Trump's Tariff Onslaught
By and Naomi Ng
Save
Never miss an episode. Follow The Big Take Asia podcast today.
US President Donald Trump shocked the world – and global markets – with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia. Exporting powerhouses like China and Vietnam were slapped with some of the highest levies of any country, with China now facing an additional 50% tariff, bringing the total rate of its levies to more than 100%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
36 minutes ago
- Bloomberg
Bond Investors Look to Fed for Guidance on Timing of Rate Cuts
Treasuries investors whipsawed by President Donald Trump's trade and fiscal policies will this week glimpse the impact on the Federal Reserve's interest-rate policy. While Fed Chair Jerome Powell and his colleagues are set to keep their benchmark steady at the June 17-18 meeting, traders will scrutinize economic and interest-rate projections for insight into how policymakers may respond to the uncertainty.
Bloomberg
41 minutes ago
- Bloomberg
Fed on Hold Leaves Wall Street Asking What It Will Take to Cut Interest Rates
With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when. A fourth straight meeting without a cut could provoke another tirade from President Donald Trump. But policymakers have been clear: Before they can make a move they need the White House to resolve the big question marks around tariffs, immigration and taxes. Israel's attacks on Iranian nuclear sites have also introduced another element of uncertainty for the global economy.
Washington Post
an hour ago
- Washington Post
Macron visits Greenland in show of support for territory coveted by Trump
COPENHAGEN — French President Emmanuel Macron visited Greenland on Sunday, saying he was bringing 'a message of solidarity and friendship' from France and the European Union to a strategic Arctic territory that President Donald Trump has vowed to 'get' for the United States 'one way or another.' Asked by a reporter about Trump's promise to somehow annex Greenland, which is an autonomous territory of Denmark, Macron responded, 'I don't think that's what allies do.'
