President Donald Trump’s barrage of tariffs is set to land hardest on Asian manufacturing, throwing into disarray supply chains rejigged only recently to work around tensions with China, according to executives and analysts.
The Trump administration’s “reciprocal” tariffs bring the rate on imports from China to more than 60 per cent, representing the highest levels in the region.
But manufacturers and economists said new tariffs of between 32 and 49 per cent on many south-east Asian economies come as a much bigger shock, undermining the “China plus one” strategy of using them as a second export manufacturing base.
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