However, other countries in the region have filled in that space and will be impacted severely, the ADB warned.
While the tariffs will impact China the most, Asia’s largest economy has progressively lessened its dependence on US demand.
Investors tend to scale back their investments in times of uncertainty and any decision also depends on other issues such as better infrastructure, energy, logistics, and access to supply chains, said Abdul Abiad, director, macroeconomics research at ADB.
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