As tensions escalate between the United States and various Asian countries over President Donald Trump’s impending barrage of new tariffs, governments in the region are scrambling to prepare for the economic fallout. Trump, who has dubbed the day of the tariff implementation as “Liberation Day,” is expected to impose reciprocal tariffs on a wide range of countries, although the specifics of these measures remain shrouded in uncertainty.
Leading Asian exporters such as Japan, China, and South Korea are closely monitoring the situation and have already begun coordinating their responses. These nations are likely to retaliate with their own tariffs against the US in an effort to protect their own economic interests.
To shed light on how Asian countries are bracing for Trump’s new tariffs, DW News spoke to Hong Kong-based economist Trinh Nguyen. With many questions still unanswered regarding the exact details of the tariffs, Nguyen provided valuable insights into the potential impact on the region’s economies.
As the global trade landscape continues to be reshaped by escalating trade tensions, it is clear that Asian countries are gearing up for a new wave of economic challenges. The coordinated efforts of Japan, China, and South Korea highlight the urgency with which nations are responding to the unpredictable policies of the Trump administration. Stay tuned as developments unfold and global markets brace for the impact of these new tariffs.
Watch the video by DW News
Video “How are Asian countries preparing for Trump's new barrage of tariffs? | DW News” was uploaded on 04/02/2025 to Youtube Channel DW News