The Internationalism

Internationalism No. 85, March 2026 Page 13 The Supreme Court has rejected Donald Trump's attempt to impose tariffs by invoking emergency powers. The ruling and the US president's counter-reaction, imposing a universal tariff of 10%, open up unpredictable scenarios. This will be discussed in the coming months, between now and the midterm elections. For the moment, this plunges all the agreements signed by the administration to date into uncertainty. Last June, we predicted a season of flourishing free-trade agreements in the winter of the crisis in the world order , in response to the tariff war declared by Trump against the whole world. Since then, the EU has announced agreements with Indonesia, the South American bloc Mercosur, and India: a historic hat-trick that will improve European access to markets with a combined population of 2 billion. The European Commission is pursuing other negotiations, especially in Asia, and is looking towards con...

Internationalism No. 84, February 2026 Page 10 With the leverage of reciprocal tariffs, announced on liberation day in April and implemented from August, Donald Trump has so far wrested around fifteen advantageous bilateral agreements with the United Kingdom, the EU, Japan, South Korea, Indonesia, Australia, Argentina, and other smaller countries in Asia, Latin America, and Europe. Due to its unique characteristics, the agreement with Malaysia stands out and is considered by the White House a model, demonstrating the strategic ambitions of the tariff war. An Article 5 At the end of October, the Malaysian government hosted the 47 th summit of the Association of Southeast Asian Nations (ASEAN), celebrating the accession of East Timor as its 11 th member. At the ASEAN summit in Kuala Lumpur, Trump announced two framework agreements with Vietnam and Thailand, and two reciprocal trade agreements with Malaysia and Cambodia. These results went relatively ...