SINGAPORE (July 16): Trade war” has been among the most frequently cited key words in the financial space over the past few weeks, as escalating tensions between Washington and Beijing grabbed attention around the globe. With two hard-core, nationalistic leaders — US President Donald Trump and Chinese President Xi Jinping — sitting at the table of critical issues such as trade and geopolitics, we have reason to be pessimistic about the outlook of Sino-US relations. In fact, the US has pinned China as a “strategic competitor” and is determined to counterbalance its booming influence in many regions and areas — from trade to technology and intellectual property. 

And trade is just the tip of the iceberg. 

The largest uncertainty in the market today is the outlook of Sino-US relations, which has shown signs of deterioration in recent months as the Trump administration started to implement high tariffs on Chinese imports, with increasing scrutiny on high-tech exports to China. The latter has no choice but to carry out “dollar for dollar”, reciprocal measures.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook