The return of President-elect Donald Trump could reignite trade tensions, particularly through potential tariffs on Chinese imports, which may impact global economic growth. However, UBS analysts believe Asia is better equipped to handle these challenges than during the 2018-2019 trade war, thanks to improved supply chain integration and a resilient growth outlook.While smaller, export-dependent economies like South Korea and Taiwan may face modest slowdowns, larger markets such as India and Indonesia are expected to remain less affected. Overall, the net impact on Asian growth is projected to be limited, with strong earnings growth anticipated in key sectors like artificial intelligence and greentech by 2025.
