Trinh Nguyen is a senior economist for emerging Asia at Natixis in Hong Kong.
Developing Asia has limited options to respond and may have to turn to China

Labourers work at Hung Viet garment export factory in Hung Yen province, Vietnam, on Dec. 30, 2020. © Reuters
Trinh Nguyen is a senior economist for emerging Asia at Natixis in Hong Kong.