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-5 group of economies (that is, indonesia, malaysia, philippines, thailand, and vietnam) is expected to stabilise at around 5.3% as domestic demand remains healthy and exports continue to recover. trade tensions the report points out that the balance of risks has shifted further to the downside, including
act of 1931 increased tariffs on around 20,000 imports by an average of 20 percent. it resulted in retaliation by the targeted countries, inciting a trade war, and global trade decreased by 67 percent. the u.s. had another bought with protectionism in the 1970s and 80s. several wealthy nations, including...
https://texprocil.org/ibtexnewsclipping/IBTEX18072018.pdf