US tariffs will ‘squeeze, not choke, growth’

US President Donald Trump. (Image: Getty)

Wed, 26 Mar 2025

US tariffs will “squeeze, not choke, growth,” said S&P Ratings in its latest Asia-Pacific economic outlook.“Asia-Pacific economies will feel the strain of rising US tariffs specifically and a pushback on globalization more generally. However, we see domestic demand momentum broadly holding up, especially in the region's emerging-market economies,” S&P's chief economist for Asia-Pacific, Louis Kuijs, said.Kuijs expects several Asia-Pacific economies to face direct US tariffs, given the US plan to raise tar...

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