1 #IMF: As the #global #economic #system is being reset, #US #tariffs are the highest in a century—with some of the steepest aimed at #Asia. A leader in global trade, Asia accounted for nearly 60 percent of #global #growth in 2024. 🧵 #trade #tradewar
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2 #IMF: However, the region’s successful growth model, based on #trade #liberalization and integration into #valuechains, faces mounting challenges. 🧵 #Asia #tariffs
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3 #IMF: While some #levies have been paused, tensions between the #UnitedStates and #China have escalated significantly, as has #tradepolicy #uncertainty in general.
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