The international trading system is at a critical juncture. China's WTO accession has not yielded the benefits many expected in taming its market-distorting policies. The United States is turning inward having abandoned the TPP and relying on unilateral tariffs to gain negotiation leverage over allies and rivals alike. The United States and China are in the midst of a trade war that could soon escalate and is imposing significant collateral damage on economies tied together through global supply chains. Japan and the ten other member countries are doubling down on ambitious liberalization with the relaunch of the TPP. How are these trends likely to affect the geopolitics of trade in Asia?
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