As the world adjusts and adapts to the constant trade negotiations, some opined that ASEAN economies are well poised to benefit from the spillover effect of the trade talks The region is already seeing an increase in Chinese investments, a shift in global supply chains, redirection of trade flows and a relocation of manufacturing bases from China to ASEAN countries. Some American businesses operating in the region, along with Chinese firms, are searching for import substitutions or opting for locally produced goods. Will regional gains from the trade tension supercede the regional losses? Which countries and industries will benefit most from the trade conversations? What are the implications for the ‘Made in China 2025’ industrial policy?