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Caught in the crossfire of trade tensions

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Workers unloading bags of chemicals at a port in Zhangjiagang in China's eastern Jiangsu province. Since the trade tension began in late-March, the FTSE/Asean 40 index has lost about 13 per cent between March and June.

THE trade tensions between the US and China - the world's largest and second-largest economies, respectively - are escalating.

US President Donald Trump last month accelerated the risk of a trade war by more than doubling planned tariffs to 25 per cent on US$200 billion in Chinese imports

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