By Admin 
America tarifs: India and Japan are the least affected economies due to the strength of domestic demand over American trade tariffs. This has been said in a report by Morgan Stanley released on Friday. The ratio of goods export in GDP is the most important metric; This determines the range of trade of economies. This helps global research firms to assess which economy will face more negative pressure on development.
25 percent tariff also applied
The US has also implemented 25 percent tariff on auto imports. The report states that Japan and Korea will be the most affected by imposing 25 percent tariffs on auto and auto parts, as both the country’s auto exports to the US are 7 percent of their total exports. The US administration can propose a plan for recipes in trade relations on 2 April. The US administration is also indicating that it will impose regional charges on energy, pharmaceuticals, semiconductors, agriculture, copper and wood.
What is in Morgan Stanley’s report?
Morgan Stanley’s report said that “reciperookle tariff will affect almost all economies in Asia either directly or through economy-specific charges or regional charges. But our main concern is that policy is that policy imposes high levels of uncertainty ‘capital expenditure’ and ‘trade’, causing damage to business cycles. America is damaged. In a properly large joint deficit in.
EV battery, a large part of the deficit for China
In this deficit, Asia accounts for 115 billion US dollars or 47 percent. Within Asia, Japan, Korea and China make three economies a large part of this deficit. Three economies are ranked second, third and fourth among the top 10 economies with which America runs the largest auto deficit. The report said, “For Japan and Korea, a large part of the deficit is connected to vehicles and non-batary auto parts. A large part of the deficit for China comes from the EV battery.
Numerals will have negative effects
Japan’s chief economist Takeshi Yamaguchi said that if 25 percent auto tariff remains in force for a long time and the US decreases by 15-30 percent in auto exports, it will have a negative impact of 0.2–0.3 percentage points on Japan’s GDP growth.
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