How Australia and Japan can keep global trade going
Middle powers can’t do much unilaterally but are large enough to mobilise coalitions for change to keep the world economy open and save the multilateral trading system.
China is likely to retaliate against US President-elect Donald Trump’s threatened 60 per cent tariffs because it cannot afford to look weak.
The European Union might also hit back, especially if the US withdraws support for Ukraine.
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Shiro Armstrong is a professor and director of the Australia–Japan Research Centre at the Crawford School of Public Policy at the Australian National University.
