MANILA — Emerging Asia and the rest of the global economy face “significantly lower growth” due to the sweeping U.S. tariffs by President Donald Trump, the chief of the Asian Development Bank has warned.
Albert Park told reporters ahead of Wednesday’s release of the bank’s flagship publication, the Asian Development Outlook, that the global economy, as well as the U.S., China and emerging Asia, will experience “substantially lower growth” due to Trump’s tariffs.
