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Bloomberg Quint

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Image Credit: Bloomberg Quint

Asia Bears Brunt Of Trump Tariffs, Needs To Ease, Economists Say

  • The Trump administration’s tariffs come at a time when Asian economies are already grappling with tepid growth, with sticky inflation keeping some central banks on high alert.
  • Asia is bearing the brunt of new US tariffs which will drag on regional growth through weaker business investment and sentiment, requiring central banks to step in with more interest-rate cuts.
  • Economists at Goldman Sachs Group Inc. have cut growth forecasts for Asia and predict an easier monetary policy stance in India, South Korea, and several Southeast Asian economies.
  • Money markets are now pricing four more rate cuts this year by Australia’s central bank, up from three previously, which would take its cash rate to 3.1%.

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