Daily Update — August 22, 2025
EV Adoption in American States; The Toll of US Tariffs; and ASEAN Economies and Electronics
Today is Friday, August 22, 2025, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Transition & Sustainability
Listen: Shifting gears: Will states take the wheel on US electric vehicle policy? | Energy Evolution
The Trump administration's rollback of federal incentives supporting electric vehicle adoption will put American states back in the driver's seat to encourage the transition to EVs. With states’ varying levels of interest in and support of EVs and charging infrastructure, what will happen to the deployment of lower-carbon transportation?
Host Taylor Kuykendall discusses the issue with S&P Global Commodity Insights energy transition reporter Daniel Weeks, low-carbon transportation analyst Suzanna Massingue and West Virginia University’s resource economics and management division director, Alan Collins.
Global Trade
Toll of US tariffs begins to emerge on unsettled trans-Pacific
The effect of US tariffs on China is just beginning to be felt in trans-Pacific trade. Months of frontloading that drove an earlier peak season are over, and US retailers are pulling back on ordering for the rest of the year amid a slowing US economy and higher tariff costs. Shippers and consignees are also racking up stiffer demurrage and storage bills because demand uncertainty is slowing their pickup of containers from marine terminals.
A sense of uncertainty — if not alarm — about future demand and tariff levels in China has slowed or stalled some orders from small and medium-sized importers, four veteran forwarders told The Journal of Commerce.
Economy
Listen: Wired Together: ASEAN Economies and Electronics | The Decisive
In this episode of “The Decisive” podcast, guest host Tommy McCartin, principal economist on S&P Global Market Intelligence’s Pricing and Purchasing team, explores the implications of the modified country-specific tariffs imposed by the US on the economies of the Association of Southeast Asian Nations.
S&P Global Market Intelligence’s Ashima Tyagi, economics associate director, and Yan Hoong, lead electronics economist, joined the podcast to discuss how these tariffs are reshaping trade dynamics within the ASEAN region and the global electronics supply chain.
In case you missed it
- The provisions of US President Donald Trump’s recently passed tax and spending bill, which largely target the Medicaid program, are expected to be generally negative for healthcare service providers, although their financial effects will not be immediate.
- The World Health Organization is calling for an end to flavored tobacco products to safeguard young people from addiction and disease. Some countries have started banning the use of vapes.
- Singapore signed an implementation agreement under Article 6 of the Paris Agreement on climate change with Thailand, its first such deal with another country in ASEAN.
Upcoming events
- Unlocking Trusted Data in Gen AI: Building Agentic Workflows with Kensho | August 27 (Webinar)
- Turbulent Tides: Middle East Tensions and their Impacts on the U.S. Energy Sector and Credit Markets | August 27 (Webinar)
- Loyalty Industry Review Webinar September 2025 | September 4 (Webinar)
The next edition of the Daily Update will be published Tuesday, September 2.