Economics
Southeast Asia Braces for Trade War by Bolstering Growth
- Indonesia says its large domestic market will cushion blow
- Thailand is seeking to curb currency gains to support growth
World Bank CFO Levy on Trade War, Economy, Brazil
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Policy makers across Southeast Asia are bracing for a fallout from a U.S.-China trade war, turning their focus on bolstering their domestic markets to cushion the blow.
China’s proposal Wednesday for an additional 25 percent tariff on about $50 billion of U.S. imports ratcheted up the tension between the world’s two largest economies, rocking global markets and keeping officials on guard for ripple effects.