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Trade-reliant Asia takes a beating this week over US, China tariff war

Our global trade dashboard reflects the pain rippling across regions as the world's two biggest economies continue sparring face-to-face

US China trade war
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The US on Friday imposed up to 25% import tariff on 818 Chinese products. The move is set to affect around $34 billion worth of US imports

Michelle Jamrisko | Bloomberg
Trade data took a beating this week — especially in Asia, where it really counts.

That, and the broader theme of global economic weakness prompted a dovish message that we heard from the European Central Bank and others around the world. It was a bit more difficult to read whether the Federal Reserve is ready to abandon policy tightening.

Here’s our weekly wrap of what’s going on in the world economy.

Slow Ships

Trade-reliant Asia was the biggest trade-war loser this week, with exports data for Japan, South Korea, and Singapore all taking a tumble and Hong Kong reporting economic growth halved in the