Laos could “gain more than we lose” from the U.S.-China trade war according to Deputy Governor of the Bank of Laos, Vathana Dalaloy. That would be the result of increased direct investment by Chinese firms looking to reduce their tariff exposure in the U.S. and cut costs. Laos is a long way behind Vietnam, with global exports in 2016 of $3.2 billion compared to Vietnam’s $176.6 billion. Laos could rapidly run into U.S. tariff risks after a 31.6% surge in exports in the 12 months to Sept. 30 to reach $163 million. The leading export line to the U.S. was fixed-line tel...