Not even America’s long-time trade partners have been spared from tariffs, and deals with others could be coming soon, according to analysts who see China standing apart.
A fresh trade deal between Washington and Tokyo, with Japan pledging investments in the US and opening up its long-protected agricultural sector in exchange for lower tariffs, underscores how even long-standing US allies are not shielded from President Donald Trump’s “America first” push to reshape the global trade paradigm, according to analysts.
By comparison, they said, China possesses greater bargaining power through its integral role in international value chains developed over the past few decades, with dominance in the realm of rare earths proving to be a big bargaining chip in its trade war with the United States.
