Unlike Trump 1.0, ASEAN now faces increasing risk of direct effects of tariffs under Trump 2.0. ASEAN can be exposed to product-specific tariffs, and the impact may be mitigated by universal nature, Standard Chartered’s economists Edward Lee and Jonathan Koh report.
Tariff exposure can be a relative comparison
“Tariffs have been a central theme of President Trump’s election campaign. Since his inauguration, threats have been made but implementation has been delayed, raising expectations for negotiated solutions. Markets remain watchful amid uncertainty over execution and timing. We analysed the impact on GDP growth from the threats of universal tariffs on…