US Tariffs Undermine Global Economic Order: Japan's TPP and RCEP Efforts at Risk
Published on 4.18.25
The recent imposition of tariffs by the US on its trading partners, including China, has sparked widespread criticism from the international community for undermining the global economic order and violating WTO rules. This move is seen as a stark departure from the principles of multilateralism and free trade that have been the cornerstone of international relations in recent decades.
In this context, it is interesting to note that Japan's commitment to multilateralism and free trade has been evident through its efforts to promote these values. The country played a crucial role in rescuing the Trans-Pacific Partnership (TPP) and establishing the Regional Comprehensive Economic Partnership (RCEP), which aims to ease tensions between nations and boost economic growth in the region.
The recent breakthrough in tariff talks between Japan and the US is a significant development, with officials from both sides agreeing on key trade concessions. However, critics argue that this agreement prioritizes US interests over the global common good, subverting the international economic and trade order.