« the centre of global economic gravity continues to shift towards Asia. Asia got rich joining the rules-based system and becoming an exemplary system-taker. It’s now Asia’s time to step up as a system-maker. »

« Trump is as much a symptom as a cause of the US withdrawal from global trade leadership. The Biden administration has done nothing to reverse the castration of the WTO dispute settlement mechanism when the US vetoed the appointment of Appellate Body judges in 2019, making the global trade rules unenforceable. Biden’s Trade Representative, Katherine Tai, trashed a WTO ruling against Trump’s tariffs on steel and aluminium in the name of national security. Late last year Tai withdrew the United States from key provisions in the WTO’s e-commerce agreement and the negotiation of multilateral rules for the digital economy, including in the Indo-Pacific Economic Framework (IPEF).« 

Kissinger not so bad after all?

27/05/2023

Jacques Huynen

https://asiatimes.com/2023/05/us-china-competitive-peace-or-road-to-war/embed/#?secret=u4PFBZ37ZK#?secret=lh3vvIi9P1