Why Asia Was Hit Hardest by Trump’s Tariff Onslaught

特朗普关税攻势为何重创亚洲最甚

Big Take

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2025-04-09

18 分钟
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US President Donald Trump shocked the world -- and global markets -- with tariffs that exceeded expectations last week. But there was one region that was hit harder than most: Asia. Exporting powerhouses like China and Vietnam were slapped with some of the highest levies of any country, with China now facing an additional 50% tariff, bringing the total rate of its levies to more than 100%.   On today's Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg's John Liu in Beijing and John Boudreau in Ho Chi Minh City to discuss the reactions from Asian economies and how the tariff onslaught may upend the trading world order. Read more: Trump’s Tariffs and China Collide to Shock the $115 Trillion Global Economy  Tariffs Rip Through Southeast Asia Stocks, Sink Vietnam’s MarketFurther listening:  The Trump Trade War’s First Casualty? The Bull Market Trump Announces Sweeping New Tariffs. What’s Next See omnystudio.com/listener for privacy information.
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  • In a few moments,

  • I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world.

  • U.S. President Donald Trump's tariff blitz shocked the world and caused a meltdown of global markets,

  • wiping out trillions of dollars for investors.

  • And less than a week after he announced the steepest American tariffs in more than a century,

  • Trump on Monday threatened China with further tariffs,

  • an additional 50 percent if Beijing didn't remove the retaliatory tariffs it recently placed on U.S. imports.

  • Much like China,

  • other export powerhouses in Asia have been hit with reciprocal tariffs far greater than the baseline 10 percent levy placed on all imports to the U.S. American allies,

  • such as Japan and South Korea, are facing tariffs of 24 percent and 25 percent respectively.