Foreign Ministers Of ASEAN Countries Expresses*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* Concern Over The Trade War Between US And China.

Participating foreign ministers pose for a group photograph at the 8th East Asia Summit (EAS) Foreign Ministers’ Meeting, during the 51st Association of Southeast Asian Nations (ASEAN) Ministerial Meeting (AMM) in Singapore on August 4, 2018. Leaders, ministers and representatives are meeting in the city-state from August 1 to 4 for the ASEAN Ministerial Meeting (AMM). / AFP / ROSLAN RAHMAN

Foreign ministers from South Asian countries have expressed concern over the potentially devastating impact of a US-China trade war, warning the war could hamper regional development. 

During their Saturday meeting in Singapore, foreign ministers from the Association of Southeast Asian Nations (ASEAN) discussed concerns that the*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* trade spat between the world's two largest economies could spiral into an all-out trade war with dire consequences for the regional states.

The foreign ministers also called for the early conclusion of talks for the Regional Comprehensive Economic Partnership (RCEP), a 16-nation pact poised to become the world's largest free-trade agreement, covering about half the global population.

 “The prospect of a trade war is a real threat to Asian countries… The threat is making many countries very*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* concerned and is becoming more complex ,” Malaysian Foreign Minister Saifuddin Abdullah said on the sidelines of the summit.

Other top Asian diplomats criticized protectionism, warning that it places the region's development in jeopardy.

"Rising anti-globalization and trade protectionism among major countries is fuelling tensions and*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* threatening our aspirations for sustained economic growth," said South Korean Foreign Minister Kang Kyung-wha.

Back on Friday, China said it would impose additional tariffs on $60 billion worth of US imports, including liquefied natural gas (LNG) and aircraft, in response to US President Donald Trump’s plan to increase duties on Chinese goods worth $200 billion.

It came after the US administration said on Wednesday that the president planned to propose a 25-percent tariff on $200 billion*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* of imported Chinese goods, after initially setting them at 10 percent as he sought to pressure Beijing into making trade concessions.

Washington imposed 25-percent duties on $34 billion of imports from China in early July. Beijing, for its part, announced that its tit-for-tat duties had taken effect on $34 billion of US goods that included soybeans and electric vehicles.

China warned the US that it would have no choice but to take “necessary countermeasures” against Washington.

Amid the trade spat with the US, data compiled by Bloomberg showed that China lost its ranking*I urgently need support and donations:Name:Anyasoro Chekwube WM.,Acct.no.:4240853014,Bank:FCMB in Nigeria,My facebook acct.:www.facebook.com/chekwube.anyasoro.1,Phone no.:+2349092171875* as the world's second-largest stock market, giving the place back to Japan after four years.

Ref. Press Tv.