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Sanctions and squabbles shift global trade balance 08:00 | 01/04/2021 The fabric of global trade is being tugged at once again with the European Union and China entering a new spat over sanctions, while recent dialogues between the latter and the United States were frosty to say the least. How will the latest goings-on affect possible trade in regions like Southeast Asia? Leaders hope that ASEAN members work closely together in order to mitigate US-China tensions. Photo: Shutterstock Experts and business representatives from both the United States and China at a major forum in Alaska on March 20 said they expected a better dialogue mechanism on bilateral trade – a sector where the world’s largest two economies share mutual interests despite their disputes on political issues. However, the tense nature of the event showed that hope does not yet exist.

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