Barclays Economists Analyze Impact of U.S. Tariff Policy Changes on Asian Markets

Barclays economists have released a report analyzing the potential impact of the U.S. Supreme Court's decision to overturn U.S. President Donald Trump's tariff policies. According to Jin10, the report suggests that this decision could lead to a slight short-term increase in exports from emerging Asian markets. Following the court's ruling, President Trump announced a new global tariff rate of 15%. This adjustment is expected to reduce the tariff burden for countries like India, Indonesia, and Malaysia. However, for Singapore, the new rate signifies an increase from its previous 10% global tariff rate. Economists at Barclays anticipate that the higher tariff rate imposed on Singapore will partially support their view that Singapore is more likely to tighten its policies later than July rather than earlier.