Far from bringing jobs back to the US, while adversely affecting overseas manufacturers, the ongoing US-China trade dispute is driving down exports from domestic manufacturers and challenging the viability of producing certain products.

On February 10, 2020, Indonesia and Australia ratified the Indonesia-Australia Comprehensive Economic Partnership Agreement. The agreement will see duty-free tariffs imposed on two-way trade and exchange of human resources for skills development. Australian companies will now be able to have majority ownership of businesses in specific sectors in Indonesia.

No long-term trade agreement was signed between US and India during President Trump’s India visit. However, during three MoUs and a defense deal was signed between the two countries. Talks for a free trade agreement between US and India are expected to start in the next few months.