Warburg Predicts Comparable US Tariffs Across Asean Markets (1)

Southeast Asian nations will likely be subject to comparable US tariffs because major disparities won’t meaningfully cut the overall trade deficit, according to Jeffrey Perlman, chief executive officer of Warburg Pincus.

Drastic tariff differences would simply shift the trade deficit between countries, rather than eliminating it, Perlman said in a Bloomberg TV interview from Hanoi. Some of those countries may secure lower tariffs through negotiations with the US, which recognizes that many regional products are unlikely to be domestically produced, he said.

“The tariff rates will probably be pretty close sitting on top of each other across a number ...