THE International Monetary Fund on Friday urged Asia to lower non-tariff barriers and integrate regional trade to reduce its vulnerability to U.S. tariffs and global financial shocks.
Trade has been central to Asia's economic growth with China serving as the supply chain hub for goods production across the globe, which makes it vulnerable to the hit from U.S.-China trade tensions and President Donald Trump's tariffs, the IMF said in a regional economic outlook report for Asia.
