February 19, 2025
Asia| US reciprocal tariffs offer no help in narrowing trade deficits with Asian economies
This report examines U.S. reciprocal tariffs on Asian economies after President Trump’s announcement to match trading partners' tariffs. Findings show these tariffs won’t significantly cut U.S. trade deficits, as imbalances stem from comparative advantages, supply chains, and production costs, not tariff rates.
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