Donald Trump tariffs: US 40% trans-shipment levy intended for China could end up hitting Asean supply chains including India; Moody’s flags risks

A new 40% US trans-shipment tariff is set to create significant compliance hurdles for Indian and Asean firms, particularly in electronics and machinery. Moody’s warns of potential supply chain disruptions and increased operational costs if the US adopts a broad interpretation, impacting countries like Vietnam, Malaysia, and Thailand.