Southeast Asia’s autocratic leaders have adored Trump’s transactional approach to foreign policy and at times won trade and defense deals without adequate scrutiny of their poor human rights records. The incoming administration of President-elect Joe Biden will take a tougher stance on democracy and human rights in bilateral deals.
The US Treasury Department’s designation of Vietnam as a currency manipulator reflects President Trump’s push to punish countries that have trade surpluses against the US. However, the move is likely to start a new phase of negotiations to avoid harm to both countries’ strategic interests.
With the US election finally over and President-elect Joseph Biden set to enter the oval office, leaders across Southeast Asia have turned to what the next four years may hold for relations with the embattled superpower.
While competition between the US and China rages, it is unclear if Southeast Asia’s leadership can pursue policies that draw maximum benefit from both sides while ensuring their independence remains intact. The existing tensions between Washington and Beijing mean that leaders in Southeast Asia will struggle to find a position that pleases both partners.
As the chances of Donald Trump winning re-election increase, Southeast Asia may be bracing for four more years of US policy that prioritizes strategic competition with China.
As a Phase I agreement brings an end to a period of global economic turbulence brought on by the US-China trade war, will forex investors benefit from increased stability?
US President Donald Trump announced plans to move the US embassy in Israel to Jerusalem. What will this mean for ASEAN nations?
Visa and MasterCard may stand a greater chance of accessing China’s card payment market as Sino-American ties improve.
Japan’s largest warship has made a controversial sailing through disputed waters as Abe’s nation warms up to increasing militarisation.
Nguyen Xuan Phuc will be the first Southeast Asian leader to visit Trump’s White House in a three-day visit beginning May 31. He is there for economics while Trump needs a strategic friend.