Tariff war is a ‘lose-lose game’, says NUS Professor Lawrence Loh, warning that no country stands to benefit as US President Donald Trump escalates pressure on Asian exporters. He cautions that India’s potential advantage hinges entirely on the outcome of its ongoing negotiations, and a 26% tariff could hit Indian exports if no deal is signed by August 1. Loh also said ASEAN is unlikely to present a united front, and that supply chains across the region will face disruptions due to artificially inflated costs.
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