S&P Global Ratings has warned that several Asia-Pacific economies may face higher tariffs under the Trump administration, with India, South Korea, and Thailand being the most vulnerable. The statement highlights the economic risks posed by potential trade policy changes.

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• S&P Global Ratings identified India, South Korea, and Thailand as the most vulnerable to higher tariffs under Trump’s administration.
• The potential tariffs could significantly impact these countries’ economies.
• S&P’s assessment underscores the risks to the Asia-Pacific region from shifting trade policies.
• India, with its growing manufacturing and export sectors, may face substantial tariff hikes.
• South Korea’s dependence on global trade and exports could also expose it to high tariffs.
• Thailand, as an emerging manufacturing hub, might see challenges in maintaining its export competitiveness.
• The tariffs could lead to disruptions in key industries, such as technology, automotive, and textiles.
• The announcement from S&P came ahead of the anticipated implementation of new trade policies by the Trump administration.
• Countries that rely heavily on exports to the US are at greater risk.
• The global trade environment remains uncertain due to ongoing policy shifts and trade wars.