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Trade war

New Trump tariff hits Asian exporters dependent on US consumers

Thai electronics industry faces drop in trade, but food and textiles to benefit

The Port of Bangkok: Any drop in Chinese electronics exports will hit Thai suppliers of circuit boards and other components, a trade official said.   © Reuters

HONG KONG/TAIPEI/SINGAPORE -- U.S. President Donald Trump's latest trade war salvo shook stock markets across Asia as businesses weighed the potential costs and opportunities resulting from a new American tariff on $300 billion worth of Chinese exports.

As markets tumbled, business across the region were contending with the latest escalation of trade tensions. Set to take effect on Sept. 1, the  new 10% U.S. tariff will fall on a range of Chinese-made consumer goods including mobile phones, laptop computers, clothing, shoes and toys.

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