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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Trump’s ‘Liberation Day’ tariff push sees firms rushing to West Asia with manufacturing units
Following the 2018 tariffs, firms manufacturing goods in China initially expanded into Asian countries such as Vietnam, Indonesia, and India. However, the current uncertainty surrounding trade policy has made planning unpredictable, with the potential to reshape the global industrial landscape
·Mumbai, India
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