On Wednesday, US President Donald Trump announced a set of global tariffs that make little economic sense and sent stock markets plummeting. At least they make little economic sense unless Trump and his billionaire buddies are planning to buy the dip in anticipation of a big stock market rally, but it increasingly looks like there’s no plan with this administration – just vengeance, vanity and wanton self-destruction.
Asia, in particular China and Southeast Asia, will be among the economies hardest hit by the tariffs. While it’s too early to say how this will affect the region’s content industries, many Asian consumers were already fearful about spending on leisure goods and services and the economic fallout from Trump’s tariffs is not likely to give them much more confidence.
The irony is that, with the exception of China, Asia has not protected its content industries from US domination in the streaming era and Asian companies are not exporting a huge amount of content to the US. We cu…