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US President Donald Trump's protectionist trade policies could destabilise the world economyIn recent years, Asian trading partners, such as China, have seen a massive increase in their trade surplus with the US, which has been grappling with widespread deindustrialisation and manufacturing layoffs.

US President Donald Trump has taken up the issue and has promised to "bring jobs back to the US". In the first year of his presidency, he effectively commenced a trade war by imposing hefty tariffs on imports of foreign-made solar panels and washing machines, where China and South Korea have been world leaders.