Published: 5 Feb 2025

Author: Kristina Fong Siew Leng

Southeast Asian countries are likely to be caught up in the crossfire between China and the US. But there could be a silver lining.

In less than two weeks into his second presidency, President Trump has set in motion global trade uncertainties that we have come to expect under his leadership. At the time of writing, the implementation of proposed tariff measures concerning Canada and Mexico has been put on hold for 30 days after these countries agreed to ramp up security at their borders. This will allow the two countries to start negotiations with the US on a more concrete deal. That said, tariffs on China stand as Beijing retaliates with tariffs of between 10-15 per cent on selected US imports including coal, liquified natural gas, crude oil and agricultural machinery. Apart from the tariffs, China will also start an anti-trust investigation into Google.

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https://fulcrum.sg/navigating-trump-2-0-tariffs-keep-calm-and-carry-on/

The article was published by ISEAS.

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The opinions expressed in this article are the author’s own and do not necessarily reflect the official policy, position or view of IRSEA