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CARZ - Trump's Tariff War: Asia's Winners And Losers
First Trust NASDAQ Global Auto Index Fund
2025-02-12 15:20:00 ET
Summary
President Trump has declared 25% tariffs on all steel and aluminium imports into the US.
We analyse the potential impact of these tariffs on Asia.
Increased economic integration with China may negatively impact ASEAN in the short term due to China's domestic growth slowdown and reduced export demand from tariffs.
The US administration walked the walk on tariffs by first announcing 25% levies on imports from Canada and Mexico, followed by a 10% tax on imports from China. While the actual implementation for Canada and Mexico is on hold for now, tariffs on China are already in place....