For countries in the Indo-Pacific wondering whether it would ever be possible to decouple their economies from China’s, last week was quite dispiriting. In San Francisco, US corporate grandees welcomed Xi Jinping with an enthusiastic ovation. The Chinese leader spoke warmly of the possibility that a “revitalizing” US economy could engage with China to mutual benefit.

Meanwhile, US Trade Representative Katherine Tai has reportedly informed colleagues in Asia that a critical pillar of US President Joe Biden’s big offer to the region — the Indo-Pacific Economic Framework — may have to be put on pause. The US was already seen from this side of the Pacific as an unreliable partner. The suspension will merely reinforce concerns that, when it comes to growing trade, countries might well be on their own.

QOSHE - US Trade Flop Leaves Asia on Its Own - Mihir Sharma
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US Trade Flop Leaves Asia on Its Own

4 3
20.11.2023

For countries in the Indo-Pacific wondering whether it would ever be possible to decouple their economies from China’s, last week was quite dispiriting. In San Francisco, US corporate grandees........

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