Asia-Pacific tops US foreign policy priorities
Setbacks in trade talks with China and the impasse in nuclear diplomacy with North Korea underscore the need for a coordinated US strategy towards the region.
US PRESIDENT Donald Trump is facing major foreign policy challenges from Venezuela to Iran this week. Yet, it is the Asia-Pacific that looms potentially largest for him after recent setbacks in trade talks with China, and the impasse in nuclear diplomacy with North Korea, underscoring the need for a more coordinated US strategy towards the region.
In the past week, the Washington-Beijing negotiations hit the headlines after Mr Trump increased tariffs on some US$200 billion in Chinese goods from 10 per cent to 25 per cent, after first imposing measures last July. Beijing has punched back by taxing US$110 billion of US products.
The apparent setback in the talks, which could yet herald a full-blown trade war between the world's two largest economies, came at the same time that the latest round of US-China negotiations in Washington stalled. While both sides had wanted to achieve a deal at or before next …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do