A cargo ships arrives in Singapore. (Photo: AFP/ VNA)

Steve Wilford, Senior Partner for Control Risks warned that businesses in the region should be cautious for any possible risks as US commitments to the region is still a question mark and long-term measures for the US-China trade war are still far away. Singapore’s economy with its high degree of openness is likely to be easily vulnerable to the impacts of the US-China trade tensions. However, Singaporean businesses will also benefit as investors will convert their investment from China to Southeast Asian countries, including Vietnam, Indonesia and Thailand.