Global economy already feeling drag from Trump tariffs

Quick Summary:

President Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade.

Trump's administration has also suggested it is close to deals with countries including India, South Korea and Japan to avert more tariffs in weeks to come.

For now, most economists are calling the Trump tariff gambit a "demand shock" to the world economy which, by making imports more expensive for American businesses and consumers, will sap activity elsewhere.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermanyIndiaJapanSouth KoreaNetherlands

Topics: ECommerce Manufacturing Trade war Donald Trump /Business/Business News Economy Economy Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 14:04:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 775 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28389519

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

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