Trump's midterm drubbing could give trade partners room to resist
The drubbing for Donald Trump’s Republicans in US midterm elections could embolden some trade partners to push back against his combative policies, although they may need to tread lightly to avoid provoking him in his final two years in power. Democrats captured majorities in both the Senate and House on Tuesday, as US voters delivered a stinging rebuke for Trump’s policies, including his…
The Democratic Party's significant victory in the US midterm elections has potentially emboldened some of Trump's trade partners to resist his combative trade policies. The loss could provide a strategic advantage for China in ongoing trade talks, as some Asian allies may feel less pressure to fulfill their investment commitments.
While some Asian nations may see an opportunity to negotiate more favorable terms, they must tread carefully to avoid provoking Trump in his final two years in office. Europe remains cautiously optimistic, but potential disagreements over digital taxes and aircraft subsidies loom. China, as the US's biggest competitor, may try to exploit Trump's weakened political position, but may find it harder to gain concessions with a Democratic Congress watching his every move.
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