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Asian Nations Seek Independence Amid U.S.-China Tensions

5/2/2025

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Summary

Story summary

Asian nations are striving for "strategic independence" as tensions rise between the U.S. and China, warns Masato Kanda, President of the Asian Development Bank. He cautions that increasing tariffs threaten to unravel the region's postwar economic stability. Kanda, a former top currency diplomat for Japan, took the helm of the bank in February.

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Story summary

Asian nations are striving for "strategic independence" as tensions rise between the U.S. and China, warns Masato Kanda, President of the Asian Development Bank. He cautions that increasing tariffs threaten to unravel the region's postwar economic stability. Kanda, a former top currency diplomat for Japan, took the helm of the bank in February.