Trump Tariffs Rock Global Trade Amid Economic Tensions

Monday, May 5, 2025, 6:20 am

Multiple sources report that Trump's tariff measures are rattling economies worldwide. Vietnam’s growth target adjustments, Malaysia’s discussions on reciprocal tariff cuts, ecommerce disruptions, and even deflation concerns in China attest to a broad array of challenges imposed by the tariffs, spotlighting the serious ripple effects across global supply chains.

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Asia tariffs spur economic course-corrections

techinasia.com / Trump’s tariffs: Vietnam sticks to 8% economic growth target

He emphasized the government's commitment to achieving double-digit economic growth in the coming years.

techinasia.com / Trump’s tariffs: Malaysia PM says US will discuss reductions

Anwar described the discussions as initial but mentioned the possibility of reducing reciprocal tariffs.

techinasia.com / China risks deeper deflation as US tariffs hit exports

JD.com is offering discounts of up to 55% on goods initially meant for the U.S. market.

Global corporations brace supply chain and pricing shocks

www.ft.com/ / Mattel quickens effort to move production from China as tariffs hit toys - Financial Times

Mattel quickens effort to move production from China as tariffs hit toys  Financial Times

reuters.com/business / Cummins withdraws 2025 financial forecast on tariff woes - Reuters

Cummins withdraws 2025 financial forecast on tariff woes  Reuters

reuters.com/business / Bessent says Trump's tariff, tax-cut, deregulation agendas will drive investment to US - Reuters

Bessent says Trump's tariff, tax-cut, deregulation agendas will drive investment to US  Reuters

Hollywood reels from sweeping foreign film tariffs

gizmodo.com / Trump Says He Wants His Movie Tariffs to Help Hollywood, Not Hurt It

States like California were already exploring incentives to bring more productions stateside before the President sparked industry uncertainty over his tariff threats.

mobilesyrup.com / Trump orders tariffs on all movies made outside of the U.S.

U.S. President Donald Trump has ordered tariffs on all films produced outside of the U.S. On his Truth Social platform on Sunday, Trump said the U.S. film industry is “dying a very fast death” due to “all sorts of incentives” to move production to other countries. Declaring this a “national…

theverge.com / Trump promises 100 percent tariff on movies ‘produced in foreign lands’

President Donald Trump says his administration will institute high tariffs on movies that fit the nebulous category of "produced in foreign lands," a definition that could include anything from anime to the latest Marvel films. In a Sunday evening Truth Social post, Trump claimed that "Other…

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