Friends Without Benefits: Trade Wars Disrupt Old Ties and Breed New Alliances
The spate of trade tariffs introduced by US President Donald Trump’s administration against China in 2018 were a natural manifestation of his anti-globalist agenda and represented one of the first steps towards his long-standing pledge to “Make America Great Again”. But the retrenchment of the US has forced its long-standing allies to rethink their bilateral relationships and search for new “marriages of convenience” across the global economic and geopolitical landscape – a dynamic that is already influencing global markets, trade routes and investment flows.
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