Trump’s tariff flood on Asia’s supply chains: From China+1 to Asia+1?

UK Deal Shows How Much India Will – or Won’t – Bend on Tariffs

India is gradually breaking down barriers by signing trade deals and lowering tariffs while President Trump is pushing the US inward, erecting a wall of tariff to the world’s largest import market. On Wed, he announced that India would face 25% tariffs from August plus an unspecified penalty for buying Russian military equipment and oil. Then came the executive order on the new tariff rates.This may not have come as a total surprise but it’s a blow for India, which sees gaining a competitive edge in the US market as key—not just for boosting exports of electronics, pharmaceuticals, machinery, ...