{"id":12788,"date":"2024-12-09T16:46:59","date_gmt":"2024-12-09T08:46:59","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=12788"},"modified":"2024-12-09T16:46:59","modified_gmt":"2024-12-09T08:46:59","slug":"industries-asia-affected-president-donald-trumps-second-term","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/industries-asia-affected-president-donald-trumps-second-term\/","title":{"rendered":"The Trump Effect: 2 Industries In Asia That Could Be Affected By President-Elect Donald Trump\u2019s Second Term In Office"},"content":{"rendered":"\n

Fresh off his election victory in early November, President-elect Donald Trump has already been making headlines with threats of upcoming trade tariffs when he takes office in January 2025.  <\/p>\n\n\n\n

Given Asia is dependent on open trade and continues to be home to some of the world\u2019s fastest-growing regions, it\u2019s reasonable to expect that the continent will be impacted in various ways by a second Trump presidency. <\/p>\n\n\n\n

How exactly could President-elect Trump affect Asian economies? Here are 2 big industries in Asia that investors should be watching as Trump takes office for a second time. <\/p>\n\n\n\n

Read Also: 5 Celebrities & Personalities That Could Be Part Of Trump\u2019s Leadership Team, And The Business & Career They Have<\/a><\/em><\/strong><\/p>\n\n\n\n

Chinese E-Commerce<\/strong><\/h3>\n\n\n\n

China has one of the world\u2019s largest e-commerce markets and with that comes an insatiable online demand for goods. However, many of China\u2019s largest e-commerce players have also made a name for themselves in other global markets. <\/p>\n\n\n\n

Some of them include Alibaba Group Holding Ltd (NYSE: BABA) (HKEX: 9988) and its international e-commerce division, Lazada, as well as PDD Holdings Inc\u2019s (NASDAQ: PDD) Temu and ByteDance\u2019s wildly-popular social commerce platform TikTok. <\/p>\n\n\n\n

With China still being the default \u201cworld\u2019s factory\u201d for mass-produced goods, such as clothing or toys, any meaningful across-the-board tariffs will inevitably hurt sizeable e-commerce players in China. That\u2019s because many have a substantial presence in the US. <\/p>\n\n\n\n

For example, PDD Holdings\u2019 Temu platform has caught on like wildfire in the US among younger consumers who are drawn to its uber-low prices, while young people selling goods on TikTok is a trend that has also taken off. <\/p>\n\n\n\n

Share Of Temu\u2019s Gross Merchandise Value (GMV) By Region \u2013 January 2024\u00a0<\/strong><\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Source: Six Degrees Intelligence Expert Interview, TechBuzz China<\/p>\n\n\n\n

There\u2019s also Chinese fast-fashion label Shein, which has been selling its low-cost garments at massive scale to US consumers. <\/p>\n\n\n\n

If a second-term Trump were to clamp down and impose high tariffs on Chinese imports into the US, it would certainly hit the e-commerce businesses of these Chinese tech giants and hinder their recent rapid growth in the US market.\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n

Read also:\u00a0<\/em><\/strong>Donald Trump Is US President (Again). Here Are 5 Things That Singapore Investors Should Take Note Of<\/em><\/strong><\/a><\/p>\n\n\n\n

Electronics Exporters <\/strong><\/h3>\n\n\n\n

Another industry in Asia that could be impacted by Trump is electronics, particularly electronics exporters. Many Asian countries have built a stellar reputation for producing quality hardware and this manufacturing progress could be thwarted  by any additional tariffs that  Trump decides to impose. <\/p>\n\n\n\n

Whether it\u2019s smartphone handset producers, like Apple Inc (NASDAQ: AAPL), or large-screen OLED TV screen manufacturers in Korea, those in the electronics sector that look to export to the world\u2019s largest consumer market will face further headwinds. <\/p>\n\n\n\n

Other electronics-related players, like semiconductors or  advanced medical devices manufacturers, could also be impacted by Trump\u2019s desire to \u201conshore\u201d production of critical technologies by bringing the manufacturing of these products back to the US. Whether that actually happens is another matter altogether. <\/p>\n\n\n\n

In fact, accelerated moves to diversify the supply chains of goods away from China \u2013 a key strategic competitor to the US \u2013 could potentially benefit some Asian countries, such as India and Vietnam, under a second Trump presidency.    <\/p>\n\n\n\n

Trump\u2019s Second Term: Winners And Losers In Asia <\/strong><\/h3>\n\n\n\n

While a second Trump presidency is likely to bring more drama (and trade tariffs), it could also \u2013 ironically \u2013 benefit some Asia countries and their burgeoning industries. <\/p>\n\n\n\n

The largest negative impact may be on Chinese exporters if, as Trump claims, he imposes a tariff of 60% or more on all Chinese imports once he\u2019s in office. His other promise of 10% to 20% across-the-board tariffs on all other countries importing into the US means that other Asian manufacturers will have an advantage over China when importing into the world\u2019s largest consumer market. <\/p>\n\n\n\n

This may also have a positive spill-over effect on garment manufacturing hubs like Vietnam and Bangladesh. Meanwhile, for electronic devices, countries such as Vietnam, Malaysia, and India may see their share of US imports rise in a second Trump presidency. Nevertheless, industry watchers need to be vigilant as Trump has also threatened a 100% tariffs on BRICS nations.<\/p>\n\n\n\n

Read Also: What A Donald Trump Presidency Would Mean For Sustainability<\/a><\/em><\/strong><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Tariffs looks set to play a big role in the global economy in the next 4 years.\n","protected":false},"author":1,"featured_media":12790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[364],"tags":[486,2125,232,2126,1781,527],"yoast_head":"\nThe Trump Effect: 2 Industries In Asia That Could Be Affected By President-Elect Donald Trump\u2019s Second Term In Office | DollarsAndSense Business<\/title>\n<meta name=\"description\" content=\"While China will be the main target of Trump's tariffs, other Asian economies that benefited from the previous trade war may be on the radar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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