Most Asian nations have are adapting to the trade war with a mix of economic realism, diplomatic agility, and selective state intervention.

The continent is home to 77 intra-regional deals and 104 extra-regional ones and, as such, is party to 45% of the world’s preferential trade agreements. Indeed, a revamped agreement between ASEAN, Australia and New Zealand took effect on April 21st.

According to a recent report, carriers are canceling shipments en masse as a result of the increasingly high import taxes.