United Nations, Dec 13 (UNI) Millions of jobs in the Asia and Pacific region have been put at risk by conflicts over trade, despite a recent agreement not to escalate tit-for-tat tariffs by the United States and China, according to a new regional UN report.
The 2018 Asia-Pacific Trade and Investment Report, issued by the UN’s development arm in the region, ESCAP, suggests that an escalating 'tariff war' and resulting drop in confidence next year, could cut nearly
400 billion from the global gross domestic product, drive regional GDP down by