Trump's proposed tariffs could lead to increased global manufacturing activity temporarily.
Related Video China, Russia boast that trade is at an "all-time high" despite Western sanctions"Just as businesses try to get ahead of that, you could actually see a little bit of pop in global manufacturing, China manufacturing, as we head into the first quarter," he added.
Exports could dip with focus on trade deficitsAny a temporary boost in trade would just be that: temporary.
Advertisement"Higher US tariffs on Chinese exports could re-direct those exports into Asia, hurting local production," wrote the Nomura economists.
"More tit-for-tat trade retaliation, trade policy uncertainty and delayed policy easing in some Asian economies will also likely spill into domestic demand," they added.
Persons:
—, Donald Trump, Trump, Joe Lupton, Zichun Huang
Organizations:
Service, JPMorgan, Capital Economics, Exports, Nomura
Locations:
China, Russia, Vietnam, Japan, South Korea, India, Asia