Ep 247: The Impact of Trump's Tariffs in ASEAN & Asia Pacific One Week On - Part 1

About This Episode

8 Apr 2025 β€’ 25m44s

What will the new round of US protectionist trade tariffs mean for the economies of ASEAN and Asia Pacific? Over the past seven days, we’e seen stock markets crash, currencies come under pressure and governments entering into panic mode. The long-term shockwaves for the global and regional economies are uncertain, and the fallout for the travel industry is still speculative.

In the first of a two-part podcast, Gary navigates through the headline news of the past week, addresses the rationale for the exceptionally high tariff rates slapped on several ASEAN economies, and the reasons that governments are not retaliating. He also discusses why Vietnam is the high-watermark case study, with perhaps the most at stake, and the options open to its trade negotiators to shore up the short-term damage and re-plan for the future.

Part 2, coming later this week, will delve into the intra-ASEAN implications, the view from China and the outlook for travel and tourism across the region.

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Ep 248: China, South East Asia & Asia Pacific Confront the Turmoil of Trump's Tariffs - Part 2

“ASEAN, being the fifth largest economy in the world, is deeply concerned over the recent introduction of unilateral tariffs by the US, including the tariffs announced on 2 April and subsequently the suspension on 9 April… [These] will impact economic security and stability, affect livelihoods of millions of people in the region, and hinder economic progress in ASEAN, particularly less developed economies.” It’s unusual for ASEAN to word its statements so strongly.