Trump's Tariffs

Here's a useful graphic outlining the tariffs as they apply to ASEAN and neighbouring countries in Asia:

This is a retrograde step and I think the Trump administration have got this badly wrong. There will be an initial uptick as US importers pay these tariffs, resulting in a lower US deficit, but then things kick in which the US has no control over. For instance, countries will increasingly just deal with one another and ignore the US.

Here's a Bloomberg piece, I presume from their Asia desk: