Trade war a negative-sum outcome for Asia

Singapore

ASIAN economies may have made gains from the US-China trade war at the expense of China - but the gains are less than what China has lost, resulting in a negative-sum outcome for the whole of Asia, a Morgan Stanley economist has suggested.

"We are seeing the US importing a lot less from China. They are importing a lot more from the rest of the Asia region, so the other Asia producers are definitely gaining at China's expense - but whatever they have gained is actually still less than what China lost.