Tokyo — Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signalled a heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.

“This kind of deliberately provoking trade disputes is naked economic terrorism, economic chauvinism, economic bullying,” said China’s vice-foreign minster Zhang Hanhui, as Beijing continued to dial up its rhetoric amid the festering trade war with the US...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now