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Trump’s ‘Liberation Day’ tariff push sees firms rushing to West Asia with manufacturing units

  • President Trump has increased tariffs on steel, aluminum, and vehicles to 25%, which has caused some firms to relocate manufacturing to countries like Indonesia and Saudi Arabia.
  • The tariffs have led American companies to reassess their supply chains and seek alternatives in Southeast Asia, contributing to an unpredictable investment climate.
  • The tariff strategy has caused panic in the economy, particularly in the stock market, resulting in warnings of rising prices for consumers.
  • Experts predict that Trump's tariffs will challenge the current administration's credibility.
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Firstpost News broke the news in Mumbai, India on Wednesday, April 2, 2025.
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