IMF: Retaliatory tariffs risk derailing Asia’s growth, disrupting trade chains

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CEBU, Nov 20 –– The International Monetary Fund (IMF) warned on Tuesday that "tit-for-tat” tariffs could undermine Asia’...

He added that uncertainty surrounding monetary policy in advanced economies and related market expectations could affect monetary decisions in Asia, influencing global capital flows, exchange rates, and other financial markets.

In October, the European Union also decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 per cent, prompting retaliation from Beijing.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaOmanSpainUnited States

Topics: Asia economy International Monetary Fund IMF

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 07:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23709906

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