SOUTH-EAST ASIA (Xinhua): Wide-ranging unilateral tariffs imposed by the administration of the US President Donald Trump will cause short-term problems for certain sectors of the export-oriented states of the Association of Southeast Asian Nations (Asean) grouping, but will lose their bite over time considering the resilience of these countries, according to analysts.
"An immediate impact of the tariffs is higher prices, which in turn lead to lower demand for most goods, resulting in a decline in exports from Asian economies," said Yeah Kim Leng, professor of economics at Sunway University in Malaysia, in an interview with Xinhua.
