Trump threatens new tariffs on Asian economies, India vulnerable

As President Trump prepares to implement reciprocal tariffs targeting foreign goods, several Asian economies are urgently negotiating to avert significant trade impacts. Trump indicated that these tariffs, which would match duties imposed by other countries on U.S. products, could be announced imminently, raising concerns for nations like China, Vietnam, and South Korea that maintain substantial trade surpluses with the U.S. Analysts from Barclays predict that most emerging Asian economies will face increased tariffs, with the exception of Singapore and Hong Kong. Meanwhile, Trump's previous tariffs on Mexico and Canada have already resulted in retaliatory measures from those countries, further complicating international trade dynamics. The imposition of these tariffs is expected to elevate consumer prices on various goods, including automobiles and agricultural products. As trade tensions escalate, countries are warned not to become complacent, as future tariff decisions remain uncertain.