New US tariffs may set off Asia factory moves

Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the region.

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But a trade war between the world's biggest economies would also destabilize markets everywhere, with Asia, which contributes the largest share of global growth, most affected.

Trump, who won a crushing presidential victory this week, vowed during his campaign to slap 60% tariffs on all Chinese goods entering the United States in an attempt to balance trade between the two nations.