Donald Trump's win is Asia's economic loss if trade barriers rise - News Summed Up

Donald Trump's win is Asia's economic loss if trade barriers rise


Just when China's economy seemed to be stabilizing, Donald Trump 's election as US president poses significant new risks. Then there are controls on movement of people, the risk of capital repatriation back to the US and major security concerns. Asia is the world’s manufacturing hub and many nations are export-dependent, putting them at risk if trade barriers start rising. "Asia would, therefore, benefit less from a faster pace of US growth than it would have otherwise," economists at Deutsche Bank AG wrote. "Asian exporters – especially in North Asia – are particularly vulnerable, having long relied on external demand as the main impulse to growth."


Source: Economic Times November 10, 2016 08:45 UTC



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