Why the US footprint in Asia looks set to shrink

//Why the US footprint in Asia looks set to shrink

Why the US footprint in Asia looks set to shrink

Two events are shaking up the global order. The first is the coronavirus, which is raging across nations worldwide, leaving in its wake sealed national borders, major disruptions to trade routes and supply chains on life support.According to the US Census Bureau, the total value of imports to the US from China, Japan and South Korea declined by around 17 per cent for the first half of 2020 compared to that of 2019. In some cases like Singapore, the historical trade surplus with the United…

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By | 2020-08-31T22:30:14+00:00 August 31st, 2020|World|Comments Off on Why the US footprint in Asia looks set to shrink