One of President Donald Trump’s first executive actions was to withdraw the United States from the Trans-Pacific Partnership, the 12 member Asia-Pacific trade deal. American withdrawal from the agreement has left the remaining 11 member states wondering not only about the future of the TPP but the direction of their respective trade strategies. How should member states proceed? Should they move forward with the TPP but without the U.S. or should they turn to alternative regional trade agreements?
On May 9, the Center for East Asia Policy Studies hosted Kenichi Kawasaki for a presentation in which he discussed the quantitative economic impact on Japan and the United States of alternative regional trade agreements in the Asia-Pacific region, the impact on China if the U.S. imposes high import tariffs, and the impact of Brexit on the United States and the UK.
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[The high-profile announcement of U.S. charges against Huawei] may end up raising the asking price of what the Chinese believe they need to secure from negotiations [with the United States over trade] in order to demonstrate to a domestic audience that they achieved an equitable and fair deal.