“Forget Buenos Aires,” said Alicia Garcia-Herrero, Natixis’ chief economist for the Asia Pacific region. She said Japan will gain in the short term due to tariffs but the broader picture, however, is quite complicated.
Korea: corporate tax to rise for the first time since 1990, Singapore: MAS establishes e payments council, China: Ministry of Finance clarifies SOE investment regulation, Vietnam orders banks to reduce interest rates
As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.