Trinh Nguyen is a senior for emerging Asia at Natixis in Hong Kong.
Worse than promised and feared, Trump 2.0 has slapped the world’s steepest tariffs on Asia, with the highest being on China at 54% (20% from existing duties and 34% in new “reciprocal” rates), while Cambodia, Laos, Vietnam, Myanmar, Sri Lanka, Bangladesh, Thailand, Taiwan and Indonesia all face fees above 30%.
