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10 questions for Asia in 2026

The Straits Times

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January 03, 2026

More clarity on the emergent world order is likely this year. The Straits Times' network of correspondents explores issues that will shape Asia's place in the global landscape.

One of the biggest surprises in 2025 has been the resilience of world trade. Front-loading in anticipation of US President Donald Trump's punitive "America First" tariffs helped allay concerns about a collapse in volumes.

But this certainly will not be enough for 2026, the second year of the second Trump administration. The World Trade Organization in October sharply downgraded its forecast for global merchandise trade growth in 2026 from a previous 1.8 per cent to 0.5 per cent.

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