Bank of Singapore: “nobody wins a trade war”

8 March 2018 | 3 minutes read

In light of ongoing US threats to impose import tariffs, Bank of Singapore has reinforced the simple adage that “nobody wins a trade war”. The bank believes foreign governments will either choose to overlook the threats or follow up with a “mild reaction” that could prompt President Trump to react more aggressively. “[The current trade conflict] is the most important issue…

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