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How Southeast Asia can 'offset' US-China trade war
How Southeast Asia can 'offset' US-China trade war
ABS-CBN News
Published Aug 10, 2018 09:49 AM PHT
US President Donald Trump, surrounded by business leaders and administration officials, prepares to sign a memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, US March 22, 2018. Jonathan Ernst, Reuters
MANILA -- Southeast Asian economies can offer themselves as alternative manufacturing sites in a "positive offset" of the trade war between the US and China, an analyst said Friday.
Financial markets have yet to see the full impact of the tit-for-tat measures between two of the world's largest economies and an advance in US equities is likely to embolden President Donald Trump, said Citigroup head of Asia economic and market analysis Johanna Chua.
The trade war could slow global growth and trade flows, Chua said, adding, "It is not very evident in the data yet, but that is the fear."
Investors will also closely watch by how much Chinese regulators will allow the yuan to depreciate, she told ANC's Market Edge.
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