Standard Chartered plays down fears of US-China trade war under Trump

Chief executive says tensions not impacting' business as bank reports pre-tax profits of $1.6bn for second quarter

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Fears of a China trade war erupting under a second Trump presidential term are overblown, according to bosses at Standard Chartered bank, as they suggested that the country's real estate woes were largely in the rearview mirror".

While the London-headquartered bank makes most of its money in Asia, particularly in Hong Kong and Singapore, its chief executive, Bill Winters, played down the impact that increasingly strained relations between Washington and Beijing might have on the business.