Myanmar 40%Laos 40%South Africa 30%Malaysia 25%Kazakhstan 25%
On Liberation Day these were:
Myanmar 44%Laos 48%South Africa 30%Malaysia 24%Kazakhstan 27%
Those aren’t big differences and most of these are big trading partners but Malaysia is material at $43.4 billion in exports in 2024. For reference, Japan is about $145 billion.
The market is not liking the further trade news at all with the S&P 500 now down 74 points or 1.2% and at a session low.
This is the second round of announcement today but we’re still at only 7 countries with around 12 expected. Do you wait until all the names are out to buy the dip?
This article was written by Adam Button at www.forexlive.com.