Asia-Pacific markets poised to fall as Trump's country-specific tariffs set to come into effect

Asia-Pacific markets poised to fall as Trump's country-specific tariffs set to come into effect

Asia-Pacific markets are set to open lower on Wednesday as investors brace themselves for U.S. President Donald Trump's tariffs' come into full effect.

The Asian Development Bank (ADB) projects that the economies of developing countries in the Asia-Pacific region will grow by 4.9 percent by 2025.

Trump’s tariffs and the Pacific

Most Pacific island countries got off relatively lightly with last week’s Trump “reciprocal” tariff announcement. Ten were given tariffs of 10%, the minimum handed out. (Timor-Leste also got a 10% tariff.) Three Pacific nations were given higher rates: Vanuatu (23%), Nauru (30%) and Fiji (32%).

Trump’s tariffs and the Pacific - Devpolicy Blog from the Development Policy Centre

Most Pacific island countries got off relatively lightly with last week’s Trump “reciprocal” tariff announcement. Ten were given tariffs of 10%, the minimum handed out. (Timor-Leste also got a 10% tariff.) Three Pacific nations were given higher rates: Vanuatu (23%), Nauru (30%) and Fiji (32%). Two Pacific countries were left out of the tariff list altogether: Niue and Palau. That’s good news for them — no new tariffs on their exports to the US …