HONG KONG—President-elect Donald Trump’s promised trade tariffs on China would likely hurt U.S. allies Japan and South Korea, which have become increasingly dependent on the Chinese market.Mr. Trump vowed to slap a 45% tariff on all imports from China if it doesn’t alter practices such as subsidizing steel and other industries, and to pull the plug on a Trans-Pacific Partnership, or TPP, a 12-nation free-trade accord encompassing America’s chief Asian allies. The accord effectively died Friday, and Obama administration officials acknowledged there is now no way to advance it.
Source: Donald Trump’s China Trade Stance Could Harm Japan, South Korea – WSJ
