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Bloomberg Quint

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US Tariffs To Significantly Impact Economies In Asia, ADB Says

  • The Asian Development Bank (ADB) predicts that US tariffs will have a significant impact on the economies in Asia.
  • The ADB expects the US tariffs to reduce growth in the region by a third of a percentage point in 2025 and a full percentage point in 2026.
  • The concentration of countries in Asia with a trade surplus with the US makes the region particularly vulnerable to the impact of the tariffs.
  • The ADB suggests that countries in the region cooperate more with each other and reach out to the US to mitigate the negative effects of the tariffs.

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