LCCI President Almas Hyder said government should start immediate consultation with the stakeholders as increase in dollar value would spoil trade and economic activities, besides hitting the common man. In September, Trump imposed tariffs on almost $200 billion of Chinese imports, with China responding with higher tariffs on about $60 billion of US imports.
In a tweet, Mr Trump warned Beijing against seeking to influence the forthcoming USA midterm elections.
The region's slower growth next year mirrors the global growth's similar softening over the medium term.
The latest growth projection was released along with new estimates for global growth or the world output which the International Monetary Fund is now projecting to grow more slowly at 3.7 percent this year and in 2019 because of trade tensions, particularly between the USA and China.
Susan Collins: 'I do not believe' Kavanaugh was Ford's assailant
The FBI conducted a supplemental investigation into Kavanaugh's background but found no one who could corroborate her account. Bean, the national clothing retailer, based in ME , didn't comment on the news of a planned boycott.
The IMF also noted the Bangko Sentral ng Pilipinas's (BSP) move to raise policy rates in recent months as headline inflation has risen and the local currency has come under pressure. Citing the impact of US taxes on Chinese imports, however, the International Monetary Fund shaved the outlook for China next year to 6.2 percent, which would be the country's slowest growth since 1990.
The IMF has slashed its latest growth forecasts, downgrading the US, China, the eurozone and the United Kingdom, as tit-for-tat tariffs bite.
Mr Obstfeld said the world would become a "poorer and more risky place" unless world leaders worked together to raise living standards, improve education and reduce inequality.
Pompeo seeks allied unity on North Korea denuke effort
USA officials have thus far said sanctions will remain in place until the North's denuclearisation is fully verified. He left Pyongyang in July hailing progress, only for North Korea to denounce him for making "gangster-like demands".
It also assumes that Trump imposes a 25% tariff on imported cars and auto parts imports. But it predicts that USA growth will slow to 2.5 percent next year as the effect of recent tax cuts wears off and as President Donald Trump's trade war with China takes a toll.
What about the United Kingdom and Brexit?
The Donald Trump administration's trade dispute with China is expected to be front and centre, as are the consequences of the Federal Reserve and other major central banks tightening monetary conditions after a decade of easy money.
Islamabad has cut the size of the biggest Chinese "Silk Road" project in Pakistan, a reconstruction of the main rail line between the port city of Karachi and Peshawar in the northwest by $2 billion, citing government concerns about the country's debt levels.
However, Chancellor Philip Hammond is still expected to borrow around £16bn in 2023 to plug the gap between tax revenues and public spending.
Brett Kavanaugh Sworn In As Supreme Court Justice
Allegations of sexual misconduct against Kavanaugh surfaced in mid-September and threatened to derail the nomination. Steve Daines, a Republican from Montana, could attend his daughter's wedding and did not have to attend the vote.