But with this also comes opportunities related to intra-regional trade, the ‘China+1’ strategy, she adds
ASIAN corporates will have to stay agile and be ready for policy swings that will likely come out of Donald Trump’s second US presidential term, said Tan Su Shan, deputy CEO of DBS.
Business leaders in Asia have gotten used to big geopolitical upheavals in recent years, Tan added. But there will still be policy unknowns under the new Trump administration that are difficult to predict.
“It behoves us as business leaders to remain agile, to be able to pivot quickly when things change overnight, and to be ready,” Tan said on Thursday (Nov 7), at a panel at the Singapore FinTech Festival 2024.