Peter Lewis: Asia business correspondent on Asia bracing for US import tariffs after Trump victory
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
Asia is bracing for tariffs from Donald Trump’s election victory.
The President-elect is proposing adding up to 20 percent on import tariffs, but is also vowing to impose 60 percent on Chinese imports.
But Asia business correspondent Peter Lewis told Heather du Plessis-Allan Asia has been preparing for this for a couple of years now.
He says some economists reckon this could knock 2.5 percentage points off of China’s GDP, and Japan and South Korea could also get dragged into the crosshairs.
Lewis says there's also a lot of questions around security - as Trump calls for countries to pay more for Taiwan's defence.
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