Trump's trade deal with Asia is about market access
Bruegel Senior Fellow Alicia Garcia-Herrero explains that with Trump's re-election as US President, trade policy has once again become a global focus, with Asia facing a particularly dire situation.
Following Trump's announcement of a new "reciprocal tariff" system on April's "Liberation Day," Washington has threatened Asian economies with high tariffs, demanding faster and stricter trade agreements. With the arrival of summer, the costs and complexities of rerouting Asian trade routes in America's favor are becoming increasingly clear.
