Trade
Asia Braces for Trump’s Reciprocal Tariffs to Test Export Model
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Asian leaders face tough decisions as President Donald Trump’s reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.
Trump and his officials have long targeted China and already slapped a 20% levy on imports from the world’s factory floor in a resumption of the trade war unleashed during his first presidency. This time around, he’s also named Vietnam, South Korea, Japan and India as charging onerous tariffs or maintaining outsize trade surpluses — or both.