SINGAPORE (May 27): The escalating trade war between the US and China may not be entirely bad news for Singapore. After an initial dampening as trade through the city state slows, the country could actually benefit from this global turmoil as companies relocate parts of their supply chain to the Asean region, say experts.

That movement is already evident. The US business lobby in China, the American Chamber of Commerce of China, surveyed 239 of its members from May 16 to 20 — after both China and the US raised tariffs on each other’s imports — and found that 40.7% had relocated manufacturing facilities outside China or were considering doing so.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook