As Donald Trump embarked on his whirlwind tour of Asia, many were left wondering what tangible benefits Asian countries secured from their meetings with the US president. On paper, Malaysia secured trade deals with several nations, including Brazil and Thailand, while Vietnam pledged to increase its US purchases dramatically. However, critics argue that these agreements may be little more than a means for Malaysia, Thailand, Cambodia, and Vietnam to curry favor with Trump in exchange for relatively meager concessions from the US.
While some analysts point out that these deals do offer Asian nations some much-needed economic respite, others claim that they are unlikely to translate into significant improvements in their trading relationships with the US. "It's indeed puzzling what the four south-east Asian countries might get in return for signing the trade deals and frameworks with the US," says William Yang, a senior analyst at the Crisis Group.
One notable exception appears to be Japan, where Trump secured a framework securing the mining and processing of rare earths and other minerals. This deal is seen as crucial given China's ongoing export ban on these critical materials, which has left Japan struggling to secure supplies. However, some argue that this agreement may have more to do with Trump's personal charm than any concrete benefits for Japan.
In South Korea, Trump signed a $350 billion trade deal with the country, including $200 billion in cash investment and $150 billion in shipbuilding. While this deal has significant implications for Seoul's economy, it remains unclear how much of a boost it will provide to its trading relationship with the US.
Perhaps most significantly, however, was the meeting between Trump and Chinese President Xi Jinping during his visit to South Korea. The two leaders agreed on an immediate pause in their trade war, which has eased tensions between the two nations and provided some respite for other countries caught in the middle of the conflict.
But despite these apparent successes, many critics remain unconvinced that Trump's Asian tour achieved anything more than a short-term boost to his popularity with regional leaders. As Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul, notes, "Apec is meant to be more than a venue for a trade war truce; it's supposed to promote multilateral cooperation and address crucial economic challenges." Trump's absence from the Apec meeting has left these issues unresolved.
While some analysts point out that these deals do offer Asian nations some much-needed economic respite, others claim that they are unlikely to translate into significant improvements in their trading relationships with the US. "It's indeed puzzling what the four south-east Asian countries might get in return for signing the trade deals and frameworks with the US," says William Yang, a senior analyst at the Crisis Group.
One notable exception appears to be Japan, where Trump secured a framework securing the mining and processing of rare earths and other minerals. This deal is seen as crucial given China's ongoing export ban on these critical materials, which has left Japan struggling to secure supplies. However, some argue that this agreement may have more to do with Trump's personal charm than any concrete benefits for Japan.
In South Korea, Trump signed a $350 billion trade deal with the country, including $200 billion in cash investment and $150 billion in shipbuilding. While this deal has significant implications for Seoul's economy, it remains unclear how much of a boost it will provide to its trading relationship with the US.
Perhaps most significantly, however, was the meeting between Trump and Chinese President Xi Jinping during his visit to South Korea. The two leaders agreed on an immediate pause in their trade war, which has eased tensions between the two nations and provided some respite for other countries caught in the middle of the conflict.
But despite these apparent successes, many critics remain unconvinced that Trump's Asian tour achieved anything more than a short-term boost to his popularity with regional leaders. As Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul, notes, "Apec is meant to be more than a venue for a trade war truce; it's supposed to promote multilateral cooperation and address crucial economic challenges." Trump's absence from the Apec meeting has left these issues unresolved.