Higher U.S. reciprocal tariff risks flagged

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The story "Higher U.S. reciprocal tariff risks flagged" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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Higher U.S. reciprocal tariff risks flagged - Business Mirror

Quick Summary:

OVER 90 percent of exports of India, Thailand, China and the Philippines which are destined for the US are most at risk in Asia of being slapped higher reciprocal tariffs by US President Donald Trump, according to Japan-based think tank Nomura Asia.

Among the 10 Asian countries included in Nomura’s study, the Philippines is the fourth most at risk of being subjected to higher reciprocal tariffs, based on 2-digit (Harmonized System) HS Codes.

Outside agriculture and transportation, other sectors with higher relative tariff rates in Asia include: India (textiles, footwear and chemicals), China (textiles), Philippines (plastic and rubber) and Thailand (footwear and miscellaneous manufacturing).