Asian nations brace for impact of US tariffs
Asian nations are bracing for the impact of the latest tariffs from the US president. Donald Trump has slapped a 25 per cent levy on steel and aluminium products, with no exceptions. The new rates will take effect on Mar 12 and will hit some of America's allies, including South Korea. Meanwhile, European leaders have vowed a firm response to tariffs from the White House. The EU chief has warned that "unjustified tariffs" will not go unanswered. The German Chancellor added that the bloc will "act together as the largest market in the world".
Asian nations are bracing for the impact of the latest tariffs from the US president. Donald Trump has slapped a 25 per cent levy on steel and aluminium products, with no exceptions. The new rates will take effect on Mar 12 and will hit some of America's allies, including South Korea. Meanwhile, European leaders have vowed a firm response to tariffs from the White House. The EU chief has warned that "unjustified tariffs" will not go unanswered. The German Chancellor added that the bloc will "act together as the largest market in the world".
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