A uniform 15 per cent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody’s Analytics said on Tuesday.
But it will have a small impact on countries such as Japan, South Korea, and Taiwan (China), where the base rate is already 15 per cent, it said in a statement.
“There is a lot of uncertainty, but we do know a few things. A uniform 15 per cent tariff would benefit some Asia-Pacific economies that have faced much steeper country-specific levies,” it said.
The US Supreme Court last week ruled against the Trump administration’s country-specific tariffs after which Trump imposed 10 per cent tariffs on all countries for 150 days. He has also announced to increase it to 15 per cent. However, no order or proclamation has been issued so far in this regard.
“The court ruling also raises questions about the recent trade deals made with India and …​A uniform 15 per cent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody’s Analytics said on Tuesday.
But it will have a small impact on countries such as Japan, South Korea, and Taiwan (China), where the base rate is already 15 per cent, it said in a statement.
“There is a lot of uncertainty, but we do know a few things. A uniform 15 per cent tariff would benefit some Asia-Pacific economies that have faced much steeper country-specific levies,” it said.
The US Supreme Court last week ruled against the Trump administration’s country-specific tariffs after which Trump imposed 10 per cent tariffs on all countries for 150 days. He has also announced to increase it to 15 per cent. However, no order or proclamation has been issued so far in this regard.
“The court ruling also raises questions about the recent trade deals made with India and … ​Latest News [ SOBAN NEWS: International and National ]
