Trade warAsian governments, businesses cautious on Trump tariff pause
Officials and executives warn remaining duties will still hit global economy
Finance ministers and central bank governors are concluding a two-day meeting in Kuala Lumpur, on April 10. The bloc's trade ministers are also meeting on Thursday to discuss ASEAN's response to the U.S. tariff increases. © Reuters
NORMAN GOH, SHOTARO TANI, STEVEN BOROWIEC and MAI NGUYEN
April 10, 2025 10:41 JST
Updated on April 10, 2025 16:39 JST
KUALA LUMPUR/SEOUL/TOKYO/HANOI -- Asian governments and business executives welcomed U.S. President Donald Trump's decision to slash his "reciprocal" tariffs on most nations to 10% for 90 days but warned that even this level of duties, combined with the increased tariff on China will prolong uncertainty for firms and financial markets.