💨 Abstract

The Systematix Research report indicates that the US tariff increase by President Trump primarily affects emerging economies, particularly those in Asia, with Southeast Asia experiencing the steepest rise. The so-called "Liberation Day" tariff shock may have a significant impact on these economies, leading to numerous challenges such as narrowing growth differentials, slowdown in household incomes, and declines in savings and investment rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖