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Concede or resist? Neither, as the world moves on from Trump’s tariff tantrum

Rather than adapt or align, countries are attempting to mitigate the full effects of the US shock.

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The US withdrawing from the multilateral trading system is not an existential crisis, says the writer.

The US withdrawing from the multilateral trading system is not an existential crisis, says the writer.

PHOTO: REUTERS

Danny Quah

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US President Donald Trump’s historic tariffs have

come into force

over the past month, forcing countries to consider their strategic options. 

For all the talk of dealing with a second China shock, countries have to face yet another challenge – that of the US shock.

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