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In the Market: How Trump is driving Asia to diversify away from US
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In the Market: How Trump is driving Asia to diversify away from US

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America.
The article from MSN discusses how former President Donald Trump's policies and rhetoric have influenced Asian countries to diversify their economic dependencies away from the United States. Trump's aggressive trade policies, including tariffs on Chinese goods and his "America First" approach, have led nations like Japan, South Korea, and others in Asia to seek alternative economic partnerships. This shift is driven by concerns over potential future U.S. policy volatility, especially with the possibility of Trump returning to office. Countries are now looking towards strengthening ties within Asia, with China, and exploring new trade agreements like the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This diversification strategy aims to mitigate risks associated with over-reliance on the U.S. market, fostering a more multipolar economic landscape in Asia.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/news/other/in-the-market-how-trump-is-driving-asia-to-diversify-away-from-us/ar-AA1BhNQW ]