THE standoff between the US and China is boosting the nations' economic ties with other countries, reports Bloomberg News.
"The bilateral tensions in global trade between the United States and China have led to more trade between the United States and other emerging markets and between China and other emerging markets," said Standard Chartered Plc chairman Jose Vinals.
Mr Vinals declared navigating the superpowers' strained relationship is not easy.
"It requires some skill, it requires prudence. We take a very professional approach and what we think is that there are opportunities that come with some of the challenges," said Mr Vinals.
"We have been helping our clients to redirect their investments, to diversify their global supply chains."
Mr Vinals declared inflation and its impact on pay is the main concern of the bank's clients.
"They're concerned that those increases in things like commodity prices and food prices, increases in imported prices, may not only affect goods prices but also services and therefore that at the end, these may have an impact on wages," said Mr Vinals.
"I think that the economy is not at full employment yet, there is more spare capacity," said Mr Vinals.
"So I think a more gradual approach to withdrawing monetary accommodation is warranted."