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The US State Department has let RTX Corporation off the hook for serious violations of US export control laws that compromised major US military systems. The transactions involved China, Iran and Russia, among others, and the procurement of important parts for defense systems from China.
The US government, long a proponent of advancing technology for military purposes, sees artificial intelligence as key to the next generation of fighting tools.
America’s plans underline its focus on the need for a skilled workforce to progress in science, the economy and national security.
The US and China’s agreement to name point people to handle future “financial stress events” in the world’s two biggest economies and beyond could hardly be better timed.
Overall, the outlook for democracy in South Asia appears grim, with ongoing shifts towards authoritarianism and mobocracy showing little sign of reversal. The impact on stability in the region as well as global geopolitics will continue to unfold, as major powers navigate this complex and volatile landscape.
In courting Southeast Asian states at these regional meetings, larger powers have also become better at refining their message. They now take care to centre Asean in speech while advancing their own objectives in substance.
The squeeze on multiple fronts may push them into middle-income status. Currencies such as the yen, the euro, the won and even the New Taiwan dollar have been on trajectories similar to that of a secular bear market.
Observers may wonder whether the resulting economic headwinds would prevent the US from imposing such high tariffs were Trump to return to the White House. The answer is probably no. History suggests why the government would forge ahead with a policy agenda that would harm average Americans.