Singapore advises against tit-for-tat tariffs as economy faces technical recession risk

Asian economies need to stay agile and avoid tit-for-tat tariff retaliation, a deputy managing director of the Monetary Authority of Singapore said on Friday. At the meeting, Robinson, who is also a MAS chief economist, said retaliatory tariffs shift supply negatively. Reuters reported that he warned they would worsen the growth-inflation trade-off and complicate monetary […] source: https://www.cryptopolitan.com/singapore-against-tit-for-tat-tariffs/