Trump’s tariffs could prompt Asian nations to rethink export-led growth

Trump’s tariffs could prompt Asian nations to rethink export-led growth

Export-oriented countries in Asia are about to bear the brunt of the US trade war. Early August tariffs are starting to rack up costs for importers and consumers, along with disrupted trade flows, rising prices for goods and ultimately falling demand. Amid this pain lies an opportunity to pivot towards a consumer-led economy. Countries in Asia that rely too heavily on US markets can create a path towards more sustainable growth and insulate thei…