Trump's tariff plan
An interview with economist Priyanka Kishore, discussing the impact of "Trump 2.0" on Asia

I invited economist Priyanka Kishore to discuss the impact of Donald Trump’s election on Asia.
Priyanka runs the Asia Decoded Substack newsletter, which specializes in macroeconomics and geopolitics in Asia. She has a background as an economist and FX strategist for companies such as Standard Chartered, Oxford Economics and ICICI Bank.
In this discussion, we discuss her 2025 outlook, Donald Trump’s tariff plan, how future US monetary- and fiscal policy is likely to affect Asia, US protectionism, China’s weakening economic growth and the likelihood that China’s stimulus measures will turn the tide.
Table of contents:
1. Priyanka’s background
2. Her economic outlook
3. Trump’s tariffs
4. US and Asia monetary policy
5. Asian currencies
6. US investment bans
7. The Chinese economy
A summary of the discussion follows below:
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