Trouble for Asia? Here's some countries that could bear the brunt of Trump's reciprocal tariffs

One of US President Donald Trump's staff at the White House has claimed that reciprocal tariffs are coming in whether other countries like them or not, and it may affect some Asian countries majorly, all except for India. According to a report by CNBC, the announcement that India will not face the wrath of reciprocal tariffs comes in just before the awaited Donald Trump-Narendra Modi meeting.

Asian countries to be affected by Trump's reciprocal tariffs

The tariffs imposed on US-made goods when traded in Asian countries have majorly been higher, be it the case of China, Vietnam, Taiwan, Malaysia, and even America's biggest ally in Asia, South Korea. Trump is looking to make that even by slapping reciprocal tariffs which has a basic logic,'If they charge us, we charge them'. South Korea has the biggest discrepancy in terms of tariff parity, and therefore will now have to face some issues with its US imports once Trump's reciprocal tariff kicks in.

It looks like the initial salvo between Donald Trump and Mexico or Canada was just the start of heightened trade tensions, something that could now be faced by Asian countries too. According to reports, Trump's aim is to balance all of the United States' trade through the implementation of tariffs, with some exceptions along the way if required.

FAQs:

Will South Korea be affected by Trump's reciprocal tariffs?
There is high chance that South Korea could be one Asian country that would be most affected by Trump's reciprocal tariffs as they have the biggest discrepancy in terms of tariff parity with the United States.

What are Trump's reciprocal tariffs about?
Trump is planning on charging the same percentage of tariffs on those countries, which is charged by them for US-made imports.