U.S. President Donald Trump’s “Liberation Day” tariffs shook global markets from Day One. Asian markets initially followed suit but soon became a go-to destination for investors bridging risks brought on by the president’s flip-flops. In a recent session, Nikkei Asia’s leading market reporters Lisa Kim and Jada Nagumo shared how experts are calibrating the impact of the tariffs on the real economy and how investors plan to trade amid renewed tariff tensions.

Two and a half months after returning to office, U.S. President Donald Trump threw global markets into turmoil with his “liberation day” tariffs. The impact was especially severe in Asia, home to the world’s most advanced chip and electronics supply chains. We hosted a timely session on how geopolitics, trade policy, and high-tech supply chains intersect across the Asia-Pacific region. Nikkei Asia reporters Cheng Ting-Fang and Cissy Zhou shared how companies have been responding to the trade war and what Trump’s policies mean for China’s tech ambitions.