He is far from the only trade optimist in South-East Asia. During the last round of American tariffs on China, trade and investment gushed into the region as firms developed “China plus one” strategies,

He’s marked China as his primary adversary, threatening heavy tariffs on its imports.

Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win,

Donald Trump's recent victory is likely to see looming tariffs on China — but it may not be the only country subject to tariffs, according to Goldman Sachs.

Donald Trump’s return with a tougher trade stance spells trouble, not just for China but for plenty of other Asian economies, according to Goldman Sachs. Andrew Tilton, the bank’s top Asia-Pacific economist,