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Forecasting Trump’s Impact on Southeast Asia

  • Donald Trump

Key Takeaways

  • Trends expanding commercial opportunities in Southeast Asia are endogenous to the region and will continue during a second Trump administration.
  • Geopolitical factors will likely accelerate the diversification of supply chains that has favored Southeast Asia, particularly for semi-conductors and cutting-edge technologies.
  • Southeast Asia will continue to pursue the clean energy transition, albeit at a more measured pace than initially anticipated, with opportunities in clean energy, critical minerals, and EVs expanding.
  • Digitization of Southeast Asian economies will accelerate, fueling the need for data centers, secure systems, and digital infrastructure.
  • The region’s economies could be damaged by proposed tariff increases, but almost all Southeast Asian leaders have assets to influence Trump for relief.
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