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How to Survive the Trade War If You're an American Firm in Asia

  • AmCham Singapore members see businesses actively adapting
  • Firms are reviewing goods classification for tariff relief
General Views of Pudong as PBOC Cash Withdrawals Seen Denting Sentiment
Photographer: Qilai Shen/Bloomberg

U.S. firms operating in Asia are adapting to global trade uncertainty with a range of survival tactics, from reviewing how goods are classified to tweaking their supply chains.

“All of the tools in the toolbox are being utilized,” said Cindy Owens, an associate at law firm Baker McKenzie Wong & Leow and member of trade group AmCham Singapore. Her clients are pursuing a lot of “nuts and bolts” solutions as some of the bigger-picture questions remain unresolved, she said.