A Brave New World for Trade Lettre du Centre Asie, No. 72, December 2017
The global environment for trade is undergoing significant changes. New emerging players such as China are aiming to adapt the rules and institutions inherited from the postwar Bretton Woods system.
With the administration of Donald Trump, the US is revising its international posture to adopt a more inward-looking and unilateral attitude under the motto of “America First” that jeopardizes the dynamics for multilateral engagements and more liberal and ambitious norms for trade. Against this background, major economic powerhouses such as the EU and Japan are adjusting their strategy to fight back against protectionism and to uphold high-level principles for future practices for trade.
This note offers the main conclusions of the discussions held during a conference at Ifri, on November 15, 2017.