Asian exports get boost from Trump tax cuts, IMF says

India and China will continue to drive global growth

20180509ChinaPort

Containers at Rizhao Port in Shandong Province, China

ZACH COLEMAN, Nikkei Asian Review deputy editor

HONG KONG -- The U.S. is set to take in more goods from Asia this year as tax cuts and deficit spending stimulate domestic demand even as President Donald Trump aggressively raises barriers to Chinese exports as well as to steel and aluminum inflows.

Changyong Rhee, Asia and Pacific director for the International Monetary Fund, said that Asian economies will get a 0.1% to 0.5% gross domestic product lift from the U.S. trends.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.