戴德梁行：2025年特朗普2.0百日新政：对亚太地区经济与房地产的影响研究报告（英文版）

In the first 100 days, we have observed a hard shift in U.S. economy policy under President Trump. From an international perspective, trade policy and the trajectory of U.S. growth are front of mind. • Given the flurry of changes, the word that dominated the marketplace in the first 100 days was uncertainty. • The APAC economy entered 2025 in good shape, but the policy uncertainty is pointing to slower growth. That being said, the effects will not be uniformly distributed across the region. D