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Trump's auto tariffs are likely to hit an emerging Asian auto hub, showing there are risks for investors everywhere

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In Thailand — a key auto hub — exports will be affected by the tariffs, said Finance Minister Pichai Chunhavajira.
The article discusses the potential impact of former President Donald Trump's proposed auto tariffs on the global automotive industry, particularly focusing on an emerging Asian auto hub. Trump has suggested imposing a 10% tariff on all imported cars, which could significantly affect countries like Thailand, where Japanese automakers have established a significant presence. This hub, often referred to as "Detroit of Asia," could face economic repercussions due to its reliance on exports. The tariffs would not only disrupt trade flows but also pose risks to investors in the region, as they could lead to increased costs, reduced competitiveness, and potential shifts in manufacturing bases. The article highlights that such policy changes underscore the interconnected nature of global trade and the widespread risks for investors, illustrating how geopolitical decisions can have far-reaching economic consequences.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/trumps-auto-tariffs-are-likely-to-hit-an-emerging-asian-auto-hub-showing-there-are-risks-for-investors-everywhere/ar-AA1BPVSR ]