Asia-Pacific industrial outlook remains cloudy despite easing China-US tensions
Date: 18 June
The agreement to lower US tariffs against China to “only” 30% may improve prospects there somewhat, but the region as a whole is still set for sluggish growth in industrial activity. Trade diversion and supply chain reorganisation may present opportunities for some countries, but the strong possibility of additional tariffs on key export sectors such as consumer electronics and semiconductors will cast a long shadow.
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