Bloomberg predicts that the worst blows from a drop in Chinese exports would fall on Taiwan, Korea and M'sia.
Malaysia is among the countries at risk of suffering the worst effects of the ongoing trade war between China and the US, according to " analysis shows the worst blows from a drop in China’s exports to the US would fall on Taiwan, South Korea, and Malaysia – all embedded in Asia’s export supply chain," said the report published today.
On the flipside, Malaysia is also exposed to the effects of a drop in US exports to China, albeit to a lesser extent, with only 0.06 percent of industrial output going into manufacturing US goods destined for China."Though as a share of total output, the exposure is smaller than is the case with China’s Asian neighbours,"The report also predicted that at current tariff rates, the GDP of China and the US would fall 0.5 percent and 0.
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