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US-China trade dispute to elevate geopolitical tensions, hurt smaller Asian economies – S&P

The US-China trade dispute could  elevate regional  geopolitical risks and hurt  smaller Asian economies like Taiwan, Malaysia,  and Korea – that are dependent on  international trade, said S&P Global Ratings  today.  

Key quotes

“The elevation of cross-straits tension with Taiwan is one possible spill-over of the  growing trade spat.”

“Both China and the US  have made unusual naval maneuvers the seas around Taiwan recently as  relations between the governments in Beijing and Taipei grew colder.”

 

 

 

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