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Increasing trading within region will help Asean build resilience against global trade tensions

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Trade diversion is starting to happen with companies operating in the US and China increasing their imports from elsewhere to avoid the tariff increases slapped on them by both countries.

JUST when we thought the two largest countries in the world were close to an agreement to resolve their trade war, tensions have re-escalated. The United States raised the tariff rates of US$200 billion worth of imports from China to 25 per cent from 10 per cent effective on May 10. China...

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