Think of the US-China contest as geopolitics on a chessboard, but not the game of kings and pawns. Rather, consider the Asian strategy game called weiqi in Chinese. The US started the 21st century with considerable advantage, but with high tariffs, Washington has weakened its position, given up turf on its weiqi board, and taken […]
TAG Managing Partner, Amb. Kurt Tong interviewed on CNA where he discussed the potential increased tit-for-tat U.S.-China tariff hikes stating, “If the U.S. insists on isolating itself from the rest of the global trading economy – the most important part of which is in Asia… that will lead to slower growth, lost income and job
“Things like cellphones, personal computers, big discretionary items or major expenditures that people have to buy, those things will be harder to replace Chinese-sourced items. So I would expect to see bigger hits in those items just because it’s hard to rebuild a supply chain to replace those,” Ambassador Kurt Tong, an Asia-focused economics expert,
“Washington is a seductive city. There is a tendency to amplify and exaggerate its debates and passions, and decide that these absorb the rest of the planet. Most other countries recognise Washington for what it is: capital of a nation with enormous salience. As such, they attempt to understand and adjust to the policy priorities
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 »
“I think there is signaling for a U.S.-China trade deal to be done, and it’s in Trump’s and Xi’s mutual interest to start earlier than later,” said Han Lin, China country director at the Asia Group. “Trump has the political winds behind his back but will need to show a win at some point, and
As trade tensions mount between India and the US, the question of tariffs is at the forefront. Bilateral trade in the 2023-2024 fiscal year has reached 120 billion. With the US accounting for 18% of India’s exports, New Delhi runs a trade surplus against Washington. NDTV’s Gaurie Dwivedi speaks with Former US Trade Representative Mark
TAG Senior Advisor Mark Linscott decodes US-India Trade Ties Amid Tariff Concerns Read More »
Former Assistant U.S. Trade Representative (USTR) for South and Central Asian Affairs and TAG Senior Advisor Mark Linscott spoke with CNBC TV18’s Parikshit Luthra about President Trump’s plan to impose tariffs on adversaries and allies, and the impact of his tariff policy on India.
“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.”
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