` ‘The US Election: Implications for International Trade

The US Election: Implications for International Trade

As we assess the outcome, whether confirmed or not, of the US presidential and congressional elections, Japan Society Chairman Bill Emmott is joined by two experts on international business, Glen S Fukushima in Washington DC and Lord Jim O’Neill in the UK, and Professor Toshihiro Nakayama in Tokyo, to share their views on the election’s implications for both the UK and Japan, especially trade, geopolitics and relations with China.

Relations between the US and China have deteriorated sharply during the Trump administration, leading to strong talk of commercial and technological ‘decoupling’ which has affected public policy and the intellectual debate in both London and Tokyo. Is this now a permanent trend, or might the US election lead to a change of tone and style of engagement? How will this affect in turn US commercial and political relations with a UK that is keen on a bilateral free-trade deal, and with Japan? How might political and business leaders in the UK and Japan adapt to whatever has emerged in Washington, DC, and in State capitols?

Glen S Fukushima is Senior Fellow at the Center for American Progress, Washington, D.C, where his work focuses on U.S.-Asia relations, particularly U.S.-Japan relations and international political economy. In 2015-2016, he was a member of Hillary Clinton’s Asia Policy Working Group. From 1990 to 2012, he was based in Tokyo as a senior executive with several major multinational corporations, including as President & CEO of Airbus Japan. He served two terms as president of the American Chamber of Commerce in Japan. Before embarking on his business career, he was based in Washington, D.C., as Director for Japanese Affairs (1985–1988) and Deputy Assistant U.S. Trade Representative for Japan and China (1988–1990) at the Office of the U.S. Trade Representative, Executive Office of the President. Glen S. Fukushima was educated at Stanford University, Harvard University, Keio University, and the University of Tokyo, where he was a Fulbright Fellow.

Jim O’Neill, Lord O’Neill of Gatley is chair of Chatham House, the vice-chair of the Northern Powerhouse Partnership and a member of Shelter Social Housing Commission. Jim O’Neill worked for Goldman Sachs from 1995 - 2013, spending most of his time there as Chief Economist, when he created the acronym BRIC; and has since conducted much research about these and other emerging economies. He has published various books on the topic, and in early 2014 made a documentary series for the BBC entitled MINT:The Next Economic Giants. He chaired the Cities Growth Commission in the UK until October 2014 when it provided its final recommendations. He led an independent review into antimicrobial resistance (AMR) for David Cameron from late 2014 to September 2016, and remains focused on this challenge.

Toshihiro Nakayama is Professor of American Politics and Foreign Policy at the Faculty of Policy Management at Keio University. He is also an Adjunct Fellow at the Japan Institute of International Affairs (JIIA). He was a Special Correspondent for the Washington Post at the Far Eastern Bureau (1993-94), Special Assistant at the Permanent Mission of Japan to the United Nations in New York (1996-98), Senior Research Fellow at The Japan Institute of International Affairs (2004-06), Associate Professor at Tsuda College (2006-10), and Professor at Aoyama Gakuin University (2010-14). He was also a CNAPS Visiting Fellow at the Brookings Institution (2005-06). He has written two books and numerous articles on American politics, foreign policy and international relations and appears regularly on Japanese media. He received the Nakasone Yasuhiro Award (Incentive Award) in 2014.

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