Global Business & Emerging Markets

As Trump throws up trade barriers, intra-Asian trade is becoming freer.

Some U.S. businesses are already preparing to move operations from India to countries like Bangladesh or Vietnam, while India is strengthening its ties to China and Russia.

The Christmas-decorations industry is hoping tariffs don’t ruin the holidays.

The country hopes to achieve the same 15% blanket tariff rate from Trump as Japan got this week, but offering as much in investments as Japan did would be difficult for an economy that’s less than half Japan’s size.

The agreement imposes a 15% tariff on all imports to the U.S. from Japan, while creating a $550 billion fund for investments in the United States.

The seeming 15% floor on import taxes is up from the 10% that both the president and his commerce secretary had previously been citing.