“Donald Trump is bringing his “America First” agenda back to U.S. foreign policy. What could this mean for Japan and the partners in Asia? Experts on trade, defense and diplomacy discuss the impact.”
TAG India Chair Ashok Malik spoke at the Keidanren South Asia Regional Committee event on furthering India-Japan economic cooperation. He discussed the state of and prospects for economic growth in India and provided an outlook for India-Japan economic relations.
(Start: 3:15) In the staid world of China policy language, “more proactive fiscal” measures and “moderate loosening of monetary” policy were traffic-stopping statements that signaled greater support even as details are pending, said Han Shen Lin, China Country Director, The Asia Group.
WASHINGTON, DC | December 11, 2024 – The Asia Group (TAG) announced a minority investment from RLH Equity Partners that will enable TAG to significantly expand its geographic reach, bring its services to new sectors, and build cutting-edge AI-powered technology solutions. With this growth capital, TAG will accelerate the buildout of an industry-leading consulting platform
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As Trump 2.0’s presidency nears, India anticipates increased Indo-Pacific and West Asia cooperation with the US. Quad and Abraham Accords revitalisation are likely, alongside addressing South Asian challenges. India seeks US sensitivity to its regional concerns, mirroring its support for US interests during past crises.
“Beijing has never liked the trilateralism facilitated by Yoon’s leadership… [they are] happy with any political instability that could create frictions between the US and South Korea or South Korea and Japan”
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced on December 2 updates to export controls that limit China’s access to advanced semiconductors and semiconductor manufacturing equipment in order to slow China’s military modernization and use of advanced technologies that enable human rights abuses. These rules are the Biden administration’s third major update in three years and are expected to serve as the final update before a change of administration.
“China is better prepared now than during Trump 1.0,” Lin told RFA. “It has a wider range of carrot-and-stick trade responses, but the ever-present need for foreign investment may calibrate their behavior to send a message of strength without unnecessary escalation.”
Donald Trump’s second term as Potus has triggered concern in many trade-focused circles both in India and the US. Many stakeholders across the policy, business and academic communities highlight the damaging impacts of potential Trump tariffs, with his explicit plan calling for 60% tariffs on all Chinese imports, and 10-20% for all other countries.
The slowdown of capital controls loosening has been a “primary detriment to China and to Shanghai being an international financial center in the conventional sense,” said Han Lin, China Country Director, The Asia Group. “But capital controls are ultimately a matter of national security to Beijing.”
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