Defying calls from US companies to withdraw from tariffs, US President Donald Trump labelled them as “weak and badly run” companies. The largest US business lobby has urged Trump and President Xi Jinping to return to talks in “good faith.” There must be some way out of this tunnel and we should not wait too long as things worsen.
With falling exports and economic growth dipping, the once fast-growing Asian Tigers of South Korea, Taiwan, Hong Kong and Singapore are now limping.
Even the rapidly developing Asian Tiger Cub economies of Indonesia, Malaysia, Thailand, Philippines and Vietnam are affected by weaker global growth.
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