Trump's tariffs may create opportunities in Asia

The chairman of Standard Chartered, Jose Vinals, stated that U.S. President Donald Trump is unlikely to impose "super tariffs" on China. He believes Trump's trade policies may instead foster new business opportunities in Asia, the Middle East, and Africa. Vinals noted that while current tariffs have led to retaliatory measures and uncertainty in global trade, he does not expect tariffs on China to reach the feared 60 percent. He anticipates modifications following negotiations. Trump recently imposed tariffs of up to 25 percent on certain goods from China, Canada, and Mexico. Vinals will step down from his position at the bank's annual general meeting in May after nine years.