Asia is bracing for tariffs from Donald Trump’s election victory.

The President-elect is proposing adding up to 20 percent on import tariffs, but is also vowing to impose 60 percent on Chinese imports.

But Asia business correspondent Peter Lewis told Heather du Plessis-Allan Asia has been preparing for this for a couple of years now.

He says some economists reckon this could knock 2.5 percentage points off of China’s GDP, and Japan and South Korea could also get dragged into the crosshairs.

Lewis says there's also a lot of questions around security - as Trump calls for countries to pay more for Taiwan's defence.

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Asia is bracing for tariffs from Donald Trump’s election victory.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The President-elect is proposing adding up to 20 percent on import tariffs, but is also vowing to impose 60 percent on Chinese imports.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">But Asia business correspondent Peter Lewis told Heather du Plessis-Allan Asia has been preparing for this for a couple of years now.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">He says some economists reckon this could knock 2.5 percentage points off of China’s GDP, and Japan and South Korea could also get dragged into the crosshairs.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Lewis says there's also a lot of questions around security - as Trump calls for countries to pay more for Taiwan's defence.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Peter Lewis: Asia business correspondent on Asia bracing for US import tariffs after Trump victory

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7ee03a51-4386-412e-b469-b22200600aaa/transcript

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