Macro Insights Weekly - The coming trade shock and Asia

The US is about to ramp up tariffs and other trade restrictions on allies and foes alike. How is Asia placed to deal with the impending shock?
Average tariff rate on all imports could more than triple from the average of past half-century.
This has strong near-term inflationary implications for the US.
Exchange rates would also likely adjust to the terms of trade shock.
Asian FX has already sold off against the USD.
More could be in store, especially for those with high export share to the US.