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Asean needs to consider its response to US-China conflict

Feb 12, 2020 - The Business Times Singapore

LAST year was the year in which the US-China conflict that disrupted the East Asian regional order intensified. In mid-January 2020, the two countries signed a Phase One agreement to ease their trade dispute. Under this agreement, China will increase imports from the US by US$20 million from 2017 levels and remove tightened regulations on intellectual property, while the US will lift its designation of China as a currency manipulator. However, the US did not lift tariffs on Chinese imports.

The most significant point at issue in the conflict between the two countries is the battle for supremacy in world politics. The bottom line is that the structure of a hegemonic US and China's challenge to that hegemony has not changed. Despite the repeated heightening and easing of tensions, the US-China conflict will continue to shake the region and the worl...