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The US-China Trade War and Prospects for ASEAN Economies (IDE-JETRO)

2022-05-23 69

The US-China Trade War and Prospects for ASEAN Economies

 

 

 

May 17, 2022

 Ian Coxhead

 

 

As the Biden administration enters its second year, frictions between the US and China show no sign of abating and may even deteriorate further. Prospects for restoration of pre-trade war economic relations between the world’s two largest economies remain dim. Other Asia-Pacific economies are involuntarily affected by the policies of their largest trading partners. This note provides context by summarizing relevant aspects of the US-China conflict, and explores short and long run implications for trading partners with particular focus on spillovers to ASEAN economies.

 

 

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