For Kurt Campbell, the former U.S. deputy secretary of state and long-time Asia hand, one challenge stands out in a world rocked by conflicts and tensions: how to avoid a dangerous spiral with China. “Probably, no two countries are more interdependent than China and the U.S.,” he said in an exclusive interview with Nikkei Asia […]
TAG Chairman Dr. Kurt Campbell Speaks to Nikkei in a Wide-Ranging Interview Read More »
Key Takeaways Retaliation: China stands unique among Indo-Pacific countries with the highest tariff rate of 145 percent while others have been paused at 10 percent for 90 days. China is also the only country in the region that has chosen to economically retaliate against U.S. tariffs, escalating the tensions into a trade war. Negotiation: Most other Indo-Pacific
Retaliation and Negotiation, Asia Responds to Tariff Implementation Read More »
Key Takeaways: The Trump Administration has announced that an additional 50 percent tariff will be added on top of the 34 percent tariff on Chinese goods that is set to go into effect at 12:01 AM on April 9. It is now clear that the United States and China have entered a period that
U.S.-China Trade War 2.0: Tumultuous Tit-for-Tat Read More »
Trump’s Liberation Day Tariffs: On April 2, U.S. President Donald Trump imposed 10 percent duties on all trading partners, effective April 5, plus higher market-by-market tariffs on many Asian nations, effective April 9, targeting partners that have the largest trade surpluses with the United States. President Trump is calling these tariffs “reciprocal,” although the
Asia Reacts to Trump’s Historic Tariffs Read More »
Key Takeaways: APEC 2025 will struggle for policy relevance: The political and economic policy importance of APEC 2025 faces stiff challenges. South Korea’s ongoing political upheaval could leave the host country rudderless through much of the calendar year. President Yoon Suk-yeol chose the small city of Gyeongju to host the Leaders Week, creating significant
Spotlight: APEC 2025 in South Korea Read More »
Key Takeaways Much Talk, Less Action: Bipartisan interest in China on Capitol Hill is wide but not deep. In 2024, Congress held nearly 40 China-focused hearings – a slight drop from 50 in 2023 – and debated over 800 China-related resolutions, bills, and amendments. But aside from a piece of nearly unanimous legislation to force ByteDance
The 119th Congress and China: Widespread Interest but Doubtful Legislative Outcomes Read More »
On February 1, 2025, India’s Minister of Finance Nirmala Sitharaman delivered the Union Budget Presentation. This year’s Budget comes as the Narendra Modi government contends with narrower economic growth projections driven by fluctuating global economic conditions, with Minister Sitharaman estimating India’s GDP growth at 6.3-6.8 percent for FY 2025-2026. Accordingly, the Budget showcases the Indian government’s efforts to drive consumption-led
India’s Union Budget 2025-26 Read More »
In anticipation of the uncertainties of Trump’s transactional approach to U.S.-China relations, Beijing has tried to warm diplomatic relationships and smooth over trade disputes with non-U.S. trade partners.
China’s Geopolitical Posturing for a Second Trump Term Read More »
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.
Southeast Asia will continue to benefit from increasing supply chain diversification and focus on resiliency. Diversification predates Trump’s first term, initially driven by higher production costs in China.
Forecasting Trump’s Impact on Southeast Asia Read More »
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