HSBC economist sees India, Japan, and China in a favorable position for long-term trade deals with the US.
Japan, as the largest investor in the US, may be the first in line for a trade deal among Asian economies.
Reasons for potential trade deals with these countries include India offering to drop tariffs and continued US-China talks.
Asian economies like Japan, India, Indonesia are collectively more important for US multinational corporations than China, leading to potential lobbying against raising trade barriers.