SINGAPORE(Mar 19): The prospects of a trade war, which was for a while relegated to a low-level threat, have suddenly intensified in the past two weeks. The headline grabbers are US President Donald Trump’s tariffs on steel and aluminum imports. The measure was first released under the guise of a broader stance against unfair trade deals. However, it soon unravelled, with exemptions hinted at. Pared to its core, it shows a trade war policy clearly aimed at a single target — China.

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