Growing trade frictions threaten Asian equities outlook
US tariffs on aluminium and steel could open the door for broader protectionist measures,
and Asia remains very vulnerable, according to wealth and asset managers.
A trade tariff plan prescribed by US President Donald Trump could potentially lead to a tit-for-tat retaliation by nations around the world, hurting global growth and damaging the prospects for Asian equities, according to market strategies and wealth experts.
On March 8, Trump signed executive orders to impose tariffs on steel and aluminium, with a 25% tariff on all steel imports and a 10% tariff on all aluminium imports globally, with the exception of Canada and Mexico.
Taken …
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