How Asia is coping with Trump’s tariffs. With Mari Pangestu

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  If you want an indication of how far President Trump has tried to change the game in international trade,

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  just look at Southeast Asia.

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  The export-led model of growth pulled Asian economy

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  after economy out of low-income status and into the middle income or the rich world.

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  But Trump thinks that Asia's goods exports are automatically America's loss.

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  As part of his supposedly reciprocal tariff policy,

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  he slammed some of the highest import taxes on goods from Southeast Asia.

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  Multilateral agreements, be damned.

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  So what does this mean for the region?

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  How have companies and governments responded?

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  And are Trump's policies pushing those countries further into China's orbit?

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  This is the Economic Show.

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  I'm Alan Beaty, the FT's senior trade writer, and writer of the Trade Secrets newsletter.

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  To answer those questions, I'm speaking to Mary Pangestu.

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  Mary previously served as Indonesia's Trade Minister and also as managing director of development and partnerships at the World Bank.

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  Mary, welcome to the show.

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  Hello, Alan.

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  Now, I think the last time we met was a conference in Singapore.

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  I think it might have been five or so years ago.

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  And the the atmosphere was so much more optimistic then.

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