Asia 'unlikely to benefit from trade war because it's hard to shift supply chains'

Singapore

NEGOTIATIONS towards a permanent United States-China trade deal will be a long drawn-out affair and Asia is not expected to benefit much from supply chain shifts, said JPMorgan chair of global research Joyce Chang.

And export-dependent economies in Asia are likely to take the heat from the ongoing dispute between the two economic superpowers, according to a JPMorgan Global Research report in October.

The first phase of the trade deal was concluded after a two-day meeting between negotiators from the US and China in Washington DC…