Britain and EU face biggest impact from new US tariffs

Regional Asian outlets focus on how the US tariff will affect exporters in countries such as Indonesia, India, Japan and others that rely on the US market. They report worries that higher costs will cut US demand for some Asian goods, but also note that certain producers may gain if they can replace European suppliers now facing the same 10% charge. They expect governments and businesses in the region to adjust by shifting product lines, seeking exemptions, or diversifying export destinations.

• •Asian reports say Indonesian exporters are concerned that the 10% US tariff will reduce orders for products like textiles and manufactured goods.
• •They note that the tariff was set at 10%, lower than the 15% level Donald Trump had previously mentioned, easing some initial fears.
• •They quote economists saying the measure shifts attention to the US balance of payments but is unlikely to cause an immediate financial crisis.
• •They report that some Asian countries could benefit if they can offer cheaper alternatives to British and European products now facing the same tariff.
• •They say regional governments are studying the US trade chief’s statements to understand how exemptions or adjustments might be negotiated.