New research by UBS reveals that escalating global tariffs, particularly those imposed by the U.S., are set to slow economic growth in the Asia-Pacific region by 50 to 100 basis points. This slowdown is expected to hit export-reliant economies hard, testing their resilience in a fast-changing global marketplace.
UBS Asia-Pacific economist Philip Wyatt, in an interview with CGTN, highlighted the significant strain on export-driven economies such as Japan, South Korea, Thailand, Singapore, and Malaysia. According to Wyatt, even as governments debate the final shape of tariff policies, the mere uncertainty is already disrupting global supply chains and steering investment decisions in new directions.
In today’s interconnected world, where digital trends and global policies shape everyday decisions, the impact of these trade measures resonates from boardrooms to bustling city streets. Businesses, entrepreneurs, and young global citizens alike are watching closely as trade dynamics evolve, prompting innovative approaches to mitigate risks and seize new opportunities in a shifting economic landscape.
Reference(s):
Economist: U.S. tariffs slow growth, Asian exporters bear brunt
cgtn.com
