Who Won?

"Trump's zero-sum thinking is causing negative-sum outcomes, where everyone loses, and the United States will eventually lose most." Shiro Armstrong

The twenty-sixth issue of Australian Foreign Affairs explores the decline of global free trade and the emergence of a new economic order in which nations view trade as a tool for gaining strategic advantage.

As Donald Trump's tariffs reshape the international marketplace, Who Won? looks at the unfolding era of weaponised trade and the ways in which Australia can respond, adapt and resist.

• Shiro Armstrong explores how Australia can use its strengths to secure the future of international trade.
• David Uren shows how the depth of our trading relationship with China limits our strategic options.
• Melissa Conley Tyler argues that Australia must look inward as well as outward to shore up our foreign policy.
• Richard Holden devises an economic policy response to weaponised trade and state power in the Trump–Xi era.
• Robert Law calls for Canberra to strengthen its relationship with Jakarta through university-based tech collaboration.

PLUS Luke Brown on Indonesia and Anthony Milner on South-East Asia, and correspondence on AFA25's "The Challenge" from Melissa Parke, Allan Behm, Alex Bristow and Gareth Evans.