MANILA -- Emerging Asia and the rest of the global economy face "significantly lower growth" due to the sweeping U.S. tariffs by President Donald Trump, the chief economist of the Asian Development Bank has warned.
Preliminary modeling suggests China's expansion rate will drop 0.9 of a point
A container ship passes a car cargo ship at a port terminal off Singapore on Feb. 20. The Asian Development Bank says the trade-oriented city will suffer a particularly hard blow from the U.S. tariffs. © Reuters
MANILA -- Emerging Asia and the rest of the global economy face "significantly lower growth" due to the sweeping U.S. tariffs by President Donald Trump, the chief economist of the Asian Development Bank has warned.