Trump-proofing economic security in Asia
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President-elect Donald Trump promises 10-20% tariffs on all US imports and 60% on Chinese goods; US economy is 26.3% of global economy, down from 40% in the 1960s; China likely to retaliate against tariffs; EU may also retaliate; Australia and Japan must lead efforts to maintain open global trade; economic coercion from China against Australia in 2020 was mitigated by multilateral trading systems; economic security policies in advanced economies focus on reducing dependence on China; ASEAN-centred institutions should be utilized for collective action on trade and climate; Shiro Armstrong is Professor and Director at the Australia-Japan Research Centre.

#Trump #Tariffs #China #Australia #Japan #Trade #Economy #Asean #Multilateralism #EconomicSecurity

https://bangladeshpost.net/posts/trump-proofing-economic-security-in-asia-150034