Trump rebuilds his tariff wall. The Strait of Hormuz remains closed. The US and China are at a stalemate. The markets continue to go up. Investors may be happy. But voters are not. Nor are the US’ trading partners. Republicans will pay the price at the voting booth. Long term, countries look to diversify away from both the US and China.

“People think AI is going to be like air, available for as long as they want and affordable enough for them to consume as much as they need," Steven Okun told Tim Burroughs as part of his deep dive on how private equity firms approach AI adoption. Many PE firms and their portfolio companies go all in on AI but with no budget, no risk plan, and no idea what happens if it gets expensive. What if AI costs 5x more in three years? Do you still hire that many fewer analysts? Becau

For decades, companies flocked to China for cheap manufacturing at scale and speed. Now, Western governments are pushing businesses to pull production and reduce their commitments. Beijing is hitting back with sweeping new rules that critics say could make it harder for foreign firms to diversify their supply chains. China says the measures are about protecting national and economic security - as it accuses the West of protectionism. The United States and Europe have been try

Private equity firms can no longer treat government as a regulatory afterthought Steven Okun and Derek Grossman Steven Okun is CEO of APAC Advisors, a geostrategic consultancy based in Singapore. Derek Grossman is a professor of political science and international relations at the University of Southern California. Private equity and venture capital firms operating in Asia had one fewer significant constraint than counterparts in the U.S. -- they didn't need to worry about de

The eyes of the world have been fixed on Beijing this week, where what may be the most significant diplomatic recalibration of the decade is taking place. After all, it's the high-stakes summit between U.S. and China. As US President Donald Trump along with Chinese Party General Secretary and President Xi Jinping conclude their summit on 15 May, they have framed the U.S. – China bond as the most consequential in the world. Steven Okun speaks with Vietnam Today

Steven Okun's analysis after day one of the Trump-Xi summit for Al Jazeera The Trump-Xi summit seems to be a success in that it has stabilized the relationship for now. But all of the core issues between the two countries remain. China's unfair trade practices all remain in place, and the US continues to work to isolate it from critical technology. And we will likely see the US increase tariffs on China in July when the US raises tariffs on countries such as Malaysia, Thailan

Steven jolined panelists Horace Zona, Katie Wu, Obinna Isiadinso and Rodrigo Abreu for a great discussion at the Global Private Capital Conference’s “Scaling Data Centers Globally”. Chips, NIMBY, Power, Skilled Labor, Sovereign AI: Challenges and Opportunities for Scaling Data Centers Globally. In Q1 2026 alone, in Global Private Capital Association's markets, capital invested in data centers reached USD5.2b, above most full-year totals. But there are many emerging issues whi

Steve Okun, chief executive of APAC Advisors (Singapore), predicted the Trump administration would soon raise tariffs on China, potentially to 35 percent or more. Mr. Trump, he said, “will need to be careful not to commit to taking 301 off the table at the coming summit.” Why? As the US prepares to raise tariffs on much of the world through ARTs or Section 301 tariffs for forced labor or industrial capacity, China must be included. For example, Vietnam's tariffs will soon be

Tariffs are relative. Will Trump lower China’s tariffs to close to those planned for SE Asia when either the Agreements on Reciprocal Trade or the Section 301 tariffs kick-in, either by July 24 when 122 expires? The lower the differential on tariffs between China and countries like Malaysia, Thailand and Vietnam, the more likely companies which left China will return, reversing in part China +1.

Steve, Taimur Baig, Ethan Wu, and Deborah Elms return for the latest in the geopolitical series I host for The Nanson. While the US and China continue a period of no further escaltion in their trade war, Trump moves forward on tariffs for the rest of Asia. China has neither overplayed its hand nor shot itself in the foot, sitting stronger today more because of US actions than its own foresight, but still with all the challenegs the region has with them. Forecasting the econom

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Authorities are investigating a prime suspect after a shooting at the White House correspondent's dinner in Washington DC. It's the latest in a series of violent episodes in US politics. Mr Steven Okun, CEO of APAC Advisors, shared more about the apparent attempt on US President Donald Trump's life and the typical security arrangements at such presidential events.

Companies need to stress-test their plans to ensure business continuity in a disrupted world where access to Artificial Intelligence could be scarce or expensive. By Steven Okun, Megan Willis, Noemie Viterale Businesses are placing massive bets on Artificial Intelligence (AI) on the assumption the investment will surely pay off. Their leaders’ decision making conflates AI with clean air – always available, in whatever quantity and quality their business needs. Businesses and

Sharon Simmons didn't come to the Oval Office to talk geopolitics. She came to talk tips. And when pressed on transgender rights, on whether she voted for Trump, she did something most communications professionals struggle to do under pressure: she stayed on message. "I'm here about no tax on tips." That story opened APAC Advisors CEO Steven Okun's fireside chat with the Asia-Pacific Association of Communication Directors (APACD) — a network of Corporate Affairs and Communica

For the first time, private capital investments in Chinese robotics companies nearly matched those in AI. That milestone framed a timely conversation at the FT Asia Wealth Summit, hosted by Professional Wealth Management (PWM) and Financial Times Live. APAC Advisors CEO Steven Okun joined a panel examining how investors are approaching the opportunity in "Physical AI" in China — the convergence of robotics, automation, and artificial intelligence that is rapidly reshaping the

As the conflict in Iran continues to evolve, so do its implications for global trade. APAC Advisors hosted the fourth in its War with Iran webinar series, bringing together three leading voices to assess where things stand — and what businesses should be preparing for. The tariff roadmap Barbara Weisel, Former Assistant USTR and Scholar at the Carnegie Endowment for International Peace, laid out the tariff landscape with precision. The key date to watch is July 24th, when the

Some conversations are uncomfortable by design. The latest session in The Nanson's geopolitical discussion series was precisely that — and all the more valuable for it. APAC Advisors CEO Steve Okun joined journalists, academics, and business leaders for The Epstein Files: Power, Secrecy & the Rules for the Rest . The evening was conceived by Alicia Ali, whose framing set the tone: these conversations matter because the questions raised by the Epstein files are not confined to

Whether the ceasefire holds or not, firms should not assume business as usual Steven R Okun Published Wed, Apr 8, 2026 · 02:19 PM US PRESIDENT Donald Trump did not follow through on his threat to end a whole civilisation in Iran. Markets went up as a result. This does not mean long-term geopolitical risk and realignment will no longer occur. Trump remains President. While he sits in the Oval Office and the Iranian Republican Guard Corps rules in Teheran, fuel prices higher th

At the KangaNews Debt Capital Market Summit 2026, Steven Okun delivered a keynote highlighting how a new geopolitical era is set to drive higher global energy costs. He emphasized that regardless of how or when the war with Iran ends, governments will increasingly prioritise energy security and resilience—an approach that will come with significant financial implications. Okun underscored that businesses and investors must recognise and respond to this “gray rhino” risk. In t

With its shift towards green energy in recent years, China remains in good stead to weather the crisis that is gripping the world as the war in the Middle East continues. Steven Okun, CEO of APAC Advisors tells Asia News Week's Yvonne Yong why China is "basically doing better than anyone else in the region."