SINGAPORE (May 13): The bad news on the global front does not seem to subside. US President Donald Trump’s renewed threats to impose additional tariffs on Chinese exports have aroused another bout of fear of a trade war. There have also been growing concerns over how much support global demand will lend to Asian exports as a result of the unexpected deceleration in growth in the later part of 2018. And, if that were not enough, the US’ actions against Iran — including the deployment of substantial additional naval forces to the Middle East — have stirred fears of a political shock in the region that could cause oil prices to spike to levels that could undermine global growth.

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