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Trade war

Trump's moves complicate Asia's adjustment to higher rates

Trade war and fiscal stimulus add to market stress, says chief of central bank group

HONG KONG -- Governments around Asia and the world are facing a greater challenge than expected from the normalization of U.S. interest rates because of Washington's trade war with Beijing and its soaring budget deficit, according to the head of a global grouping of central bankers.

Speaking to the Nikkei Asian Review, Agustin Carstens, general manager of the Bank for International Settlements, called on the U.S. to refrain from further tariff hikes.

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