Asia Weekly: Trump's tariffs and what they mean for Asia

Most countries in Asia will face tariffs of 15–25% on their exports to the US. While the tariffs are higher than we initially assumed, the impact on most countries will be manageable since they won’t lose competitiveness against other non-US producers. Vietnam – which is the country in Asia most dependent on US demand - will see the largest hit, and we have trimmed our GDP growth forecasts for the next couple of years. Uncertainty will continue to linger, however. US imports of electronics and pharmaceuticals are still tariff-free but could face separate tariffs when national security investigations conclude.