Goldman Sachs representatives say many of their clients are asking for guidance after the tariff imposition. The CEO of the Bank of East Asia - China says concerns about the effects of tariffs are forcing many investors to re-consider their strategy.
BI MINGQIANG CEO, Bank of East Asia (China) "I do believe, Trump is bringing a lot of uncertainties to the global market, which put the global growth at risk. So to mitigate this kind of damage or risk, I think global government and business side are actively rethinking their strategy. You can see, actually, a lot of Chinese companies are shifting their business flow, their investment flow to those more friendly market like Southeast Asia, the Middle East and Belt and Road regions. This is going to reshape the overall landscape of global supply chain. I believe, to facilitate this trend, I think banks like BEA, we can provide those tailor-made banking services like cross-border financing, services, cash management, trade finance, to help."