DBS Sees More Trade Flows in Asia, Africa Post Trump’s Tariffs
- Bank to work out new supply chains with clients across regions
- “Everyone is still digesting the tariff impact,” says Tan
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Singapore’s biggest bank DBS Group Holdings Ltd. expects more trade flows between Asia, the Middle East and Africa, with the lender planning to support such business amid the latest rounds of tariff hikes by US President Donald Trump.
“There will be more connectivity” for clients between these regions as well as within Asia, said Chief Executive Officer Tan Su Shan at the Asean Investment Conference in Kuala Lumpur on Tuesday. “These things will take some time to pan out, but as an Asian bank, we just have to work with them and work out new supply chains.”