Asia Pacific business leaders feel the election of Donald Trump to the U.S. presidency could be negative for the region in the long run, although they have yet to feel the effect on their businesses, according to research by Harvey Nash. The “Trump Effect on Asia” survey found that leaders expressed concern about the lasting impact of a Trump presidency. Specifically, 29 percent of respondents expect Trump will have a long-term negative impact on APAC business profits, 19 percent are assessing their existing trade deals with the U.S., and 7 percent have cut budgets as a result of Trump’s victory. Also, 59 percent of respondents believe that trade and tariff negotiations will be affected, 49 percent foresee market instability, and 30 percent anticipate an economic slowdown in the region.
Read more
