Trade tension 'unlikely to lead to crisis, but global economy could split'

Singapore

TRADE tensions between the United States and China are not likely to lead to a global financial crisis, but could, in the long term, cause a split in the structure of the global economy, said Prime Minister Lee Hsien Loong on Monday.

"They are going to have a bifurcation of technology, of markets, of trust. I think that is a very bad consequence for the world," he told the Nikkei Asian Review.