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Half of multinationals in Asia stung by trade war: survey

Nearly half of multinational companies operating in Asia have suffered a blow from the trade war between the US and China, a survey published by the American Chamber of Commerce in Singapore shows.

Out of 144 of the chamber’s members that responded to the survey, 49 per cent said they had been negatively affected by the trade dispute in the last six months. When asked about the outlook on the trade war, 70 per cent said it would deteriorate further or stay the same indefinitely.

Most of the chamber’s members are multinationals, and 61 per cent of respondents were headquartered in the US. The survey results point to the widespread impact of the standoff between the world’s two largest economies.

 

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