Economics Daily

Trump’s Long-Shot Quest to Turn the Tide as the Asian Century Rolls On

The president’s bid to rekindle the kind of economic supremacy that saw the 1900s dubbed “America’s Century” risks isolating it from the region that’s laying claim to the 2000s — Asia.
US President Donald Trump displays a signed executive order during a tariff announcement in the Rose Garden of the White House in Washington, DC, US, on Wednesday, April 2, 2025. Photographer: Jim Lo Scalzo/EPA/Bloomberg
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I’m Malcolm Scott , international economics editor in Sydney. Today we’re looking at the kick-off of Bloomberg’s flagship New Economy Forum . Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .

Stepping away from the daily maelstrom of Trump’s bid to re-write the rules of global trade in America’s favor, the 30,000 foot view reveals just what an uphill battle his administration faces — and the risk it all backfires.