Asia’s Export-Driven Economies Bracing for Upheaval Under Trump
- Forecast for 6 months: Asia’s export-driven economies will experience a decline in trade due to Trump’s proposed tariffs, with a predicted 8% drop in exports and 3% drop in imports for non-China Asia.
- Forecast for 1 year: Trump’s tariffs will lead to a significant shift in production from China to Southeast Asia, potentially resulting in a trade war between the US and Asia. This could lead to a prolonged economic downturn in the region.
- Forecast for 5 years: The US-China trade relationship will continue to deteriorate, leading to a prolonged period of economic uncertainty in Asia. This could result in a decline in foreign investment and a slowdown in economic growth for the region.
- Forecast for 10 years: The US-China trade war will have a lasting impact on the global economy, leading to a shift in the global supply chain and a decline in trade between the US and Asia. This could result in a significant decline in economic growth for the region and a prolonged period of economic uncertainty.
Tags: finance
