US-China trade dispute to elevate geopolitical tensions, hurt smaller Asian economies - S&P

The US-China trade dispute could elevate regional geopolitical risks and hurt smaller Asian economies like Taiwan, Malaysia, and Korea - that are dependent on international trade, said S&P Global Ratings today. 

Key quotes

"The elevation of cross-straits tension with Taiwan is one possible spill-over of the growing trade spat."

"Both China and the US have made unusual naval maneuvers the seas around Taiwan recently as relations between the governments in Beijing and Taipei grew colder."