US EditionKOIMA's 1st woman leader aims for balanced trade
- U.S. President Donald Trump has announced new tariffs targeting several Asian countries, impacting economies reliant on exports to the U.S. And raising concerns among local leaders.
- The reciprocal tariffs could reduce economic growth in Asia by 1.3 percentage points, as reported by Goldman Sachs, due to trade dependency.
- China's President Xi Jinping has committed to spurring domestic consumption and maintaining open trade amid escalating tensions with the U.S.
- The ongoing geopolitical uncertainty and tariffs have driven investors towards gold, resulting in a 15% increase in prices, spurred by further demand shifts and a rise in global metal prices.
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KOIMA's 1st woman leader aims for balanced trade
The Korea Importers Association's (KOIMA) first woman leader in its 55-year history has pledged to help the export-reliant country navigate tariff threats from the United States by addressing Washington's concerns over growing trade imbalances.
·Korea, Republic of
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Asia Braces for Historic Test of Export Model From Trump Tariffs
Asian leaders face tough decisions as President Donald Trump’s reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade barriers.
·United States
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