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US tariffs are causing economic downturns in Asia, with Taiwan and Thailand facing significant GDP and revenue losses.
US tariffs are causing economic ripple effects across Asia, with Taiwan expecting GDP growth to drop by up to 1.61 percentage points.
ASEAN nations are urging bold steps for regional integration to counteract impacts.
Thailand faces potential revenue losses of up to $25.8 billion and is negotiating with the US to reduce tariffs and increase imports of American goods.
Singapore and Malaysia are also strategizing to adjust to the new trade dynamics, while the ADB warns that these tariffs could cut Asian growth.
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Los aranceles estadounidenses están causando retrocesos económicos en Asia, y Taiwán y Tailandia se enfrentan a importantes pérdidas de ingresos y de PIB.