The International Monetary Fund has warned that retaliatory tariffs could undermine Asia's economic prospects, raise costs, and disrupt supply chains, although it expects the region to remain a key growth engine in the global economy.
According to the IMF,-for-tat tariffs threaten to disrupt growth prospects across the region, leading to longer and less efficient supply chains.
There are concerns about U.S. President-elect Donald Trump's plan to impose tariffs of 60 percent on Chinese goods and at least 10 percent on all other imports.
Tariffs could hamper global trade, hamper growth in exporting countries, and raise potential inflation in the United States, which could force the U.S. Federal Reserve to tighten monetary policy, despite the modest outlook for global growth.
