Policy & Trade
Trump's Trade Policy's Structural Reshaping: The Game Between Comprehensive Tariffs and Security Frameworks
Analyze the multiple adjustments to the Trump administration's trade policies, explore how it shifted from a comprehensive tariff strategy to a framework agreement centered on 'economic security,' and forecast the long-term impact on the global trade landscape.
From a regional perspective, this policy uncertainty poses a structural challenge to Asian economies dependent on global supply chains.From a regional perspective, this policy uncertainty poses a structural challenge to Asian economies dependent on global supply chains. The flexibility and rapid changes in trade rules mean that businesses in the region need to possess high strategic foresight to cope with the uncertainty brought by policy shifts. When planning, companies no longer just need to focus on cost and efficiency; they also need to incorporate considerations of "economic security" into their regional supply chain restructuring decision models. This foreshadows a new acceleration period for Asian manufacturing in terms of the "China+1" strategy, regional value chain relocation, and localization security investments.
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