tariffs

Asia’s fixed income markets began 2025 on a stable footing, buoyed by falling rates and policy support from China; however, as credit spreads rise amid tariff mayhem, investors are seeking pockets of opportunities such as NBFIs and LGFVs.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 145% after China retaliated; Trump has now put tariff exemptions on smartphones, electronics and computers.

The US-China trade war, sparked by US president Donald Trump's tariffs, looks like it is just beginning, with global markets set to be on a roller coaster for weeks; China has now retaliated further.

The tariffs are set to come in on Wednesday, April 9, and could cause huge upheaval for US companies, Chinese companies and Vietnamese companies across their supply chains.

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.

US president Donald Trump's sweeping tariffs, from April 9, are set to hit China, India, Taiwan, South Korea and many other countries hard; China has responded in kind sparking a global trade war threat.

China has hit the US with retaliatory tariffs on a series on products including soybeans, chicken, beef and pork, of up to 15%, after the US decided to impose further 10% tariffs on Chinese imports as of March 4.

Retaliatory tariffs, a stronger dollar and several u-turns from the Trump administration are creating an uncertain outlook for 2025 and is pushing up the price of gold; meanwhile, Hong Kong and China are lodging complaints to the WTO.

The tariffs will begin on July 4 and range from 17.4% to 38.1%, depending on the model.