17 Apr '18, 12am

Asia Pacific pivots beyond a Trump-led America:

Asia Pacific pivots beyond a Trump-led America:

Authors: Pradumna B Rana and Xianbai Ji, RSIS US President Donald Trump has taken a radically protectionist approach to trade. Trump has launched a series of unilateral moves including increasing tariffs on steel and aluminium imports on national security grounds and announcing plans to impose tariffs on US$60 billion of Chinese imports. Uncertainties regarding continued access to the US market have forced Asia Pacific countries, for whom trade is an economic lifeline, to pivot beyond Trump-led America by adopting a three-pronged policy response: the acceleration of mega free trade agreements (FTAs), the enhancement of regional connectivity and the deepening of interregional economic cooperation. Japan and Australia have taken the lead in pushing through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP-11 ) without the United States. ...

Full article: http://www.eastasiaforum.org/2018/04/17/asia-pacific-pivo...

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