New Delhi: Fitch Ratings on Monday said most countries across the Asia-Pacific region are likely to remain "generally resilient" to extra US tariffs and an economic slowdown in China.The uncertainty caused by the US tariffs is abating gradually but any potential re-escalation in trade or geopolitical tensions despite the recent US-China trade deal or implementation of high semiconductor tariffs remains a risk for the regional outlook, the New York and London-headquartered agency said. Most of the larger Asian emerging markets are facing extra 19-20% US tariffs, reducing prospects for major tariff-driven supply-chain shifts within the region. But with a 50% extra US tariff, India remains an outlier as it has yet to secure a trade deal with Washington, it said.Persisting dollar weakness and
APAC may stay resilient to US tariffs
The Economy Times2 hrs ago
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