U.S. Foreign Policy | Wilson Center

U.S. Foreign Policy

Behind Asia’s Other Trade War

While the trade war between Washington and Beijing has garnered significant attention, another trade war between two of the world’s largest and most advanced economies is heating up. Japan and South Korea are the world’s third- and twelfth-largest economies, respectively, representing an annual GDP of greater than $6.5 trillion. Yet trade friction between Tokyo and Seoul has intensified as a political standoff, rooted in history and inflamed by domestic politics on both sides, has begun to impact the economies of two critical American allies and global supply chains.

The Aftermath of a Lackluster G20

Risks to global growth still loom large, not least as trade tensions between China and the United States remain unresolved after the latest G20 summit. Yet the biggest takeaway from the Osaka meeting is that the real, long-term threat to global stability is not friction over tariffs and trade imbalances. Rather, the biggest source of instability is the growing divide between the world’s two largest economic and political powers, and the rest of the world.

What Trump's Meeting with Kim Means for Nuclear Talks

“We have to remember [North Korea has] an estimated GDP per person per year that is more along the lines of Congo or some of the poorest countries in Africa. This is a country that is suffering and [Kim Jong-Un] knows that…. So for me, it was only a matter of time that he and President Trump would start putting out feelers to get back to these nuclear negotiations. I think there was a loss of faith after Hanoi and so he’s looking for a chance to get back to that negotiating table.”

-----Jean H. Lee

New Podcast: Need to Know

 

 

 

 

 

 

 

 

 

 

 

 

 

Need to Know is a foreign policy news podcast produced by the Office of Congressional Relations at the Wilson Center. Bringing you the best non-partisan policy through conversations with our scholars.

A 'World Class' Military: Assessing China's Global Military Ambitions

Dispatches: June 2019

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U.S. Foreign Policy and the Future of the Liberal International Order

Is the liberal international order that emerged in the aftermath of WW II officially over in the age of President Trump’s “America First” policies? In this edition of Wilson Center NOW we speak with Wilson Center Global Fellow Bruce Jentleson about strains on that system that existed even before the 2016 election and what an optimal international order for the 21st Century might look like. 
 
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