torsdag 7. november 2024

Asia braces for disruption to alliances, trade after Trump’s victory

Asia is bracing for a second Donald Trump presidency that is poised to inject unpredictability into the region’s relations with the United States, from casting doubt on longstanding alliances to threatening to upend trillions of dollars in trade. During his first term as president from 2016 to 2020, Trump, who scored a decisive victory against Kamala Harris in Tuesday’s election, broke with many of the longstanding but unspoken rules of US foreign policy.

He launched a trade war with China in 2018 – at a time when many countries were still courting its favour – and engaged with two of Asia’s most diplomatically isolated leaders, North Korea’s Kim Jong Un and Taiwan’s then-President Tsai Ing-wen.

In his second term, Trump has promised to implement an even more aggressive version of his “America first” vision, including a protectionist economic agenda that would raise tariffs to levels not seen since the Great Depression of 1929-1939. “A second Trump term would move beyond the targeted tariffs of his first to a much broader target base, both within China and globally,” Steve Okun, founder and CEO of Singapore-based APAC Advisors, told Al Jazeera.