President Trump's tariff strategy primarily targets Asia, which comprises many countries with significant trade surpluses with the U.S., including China, Japan, South Korea, and India. The strategy risks destabilizing global supply chains and could provoke a wave of protectionism as countries retaliate against U.S. tariffs. Experts warn that these actions may diminish America's role in trade with Asia over time, leading to a reconfiguration of regional alliances. Furthermore, while the U.S. market remains the largest, its relative significance has declined since 20 years ago.
Mr. Trump's plan to upend the rules of world trade could hurt Asia because the region relies so much on the global economy.
The result could be a domino effect of protectionism, with countries turning inward and raising tariffs in response to American trade barriers.
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