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Southeast Asia, Mexico benefited from trade dispute
For some, the gains from this trade redirection might even outweigh the negative effects of the dispute. “For non-China emerging economies, the positive impact dominates,” says Sawada. “The gain seems to be the largest for countries who can produce similar products to those made in China.”

Among those who benefited most was US neighbor Mexico: Between 2017 and 2019, the country exported an estimated $4.7 billion more to the US as a result of the trade dispute.

The added billions are especially significant for countries with lower GDPs, like Vietnam, Malaysia or Taiwan. Among them, Vietnam is the clear winner: The additional $6.4 billion gained during the two years of the conflict is equal to almost twice the country’s entire yearly health care spending.

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Harvey Yan


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