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A spectre is haunting Europe — the spectre of Trump. Cue the Asian trade deals

January 29, 2026
in News
A spectre is haunting Europe — the spectre of Trump. Cue the Asian trade deals

Stability. Consistency. Ever-changing complexity.

With language like that, deployed in separate meetings in three Asian capitals this week, government leaders forged closer ties driven in part by a figure halfway around the world: the president of the United States. And much of the time, they didn’t even mention Donald Trump’s name.

IN BEIJING: The U.K. and Chinese leaders called Thursday for a “long-term, stable, and comprehensive strategic partnership” between their two countries. The important words are long-term and stable. The two countries committed a decade ago to building a comprehensive strategic partnership but progress has been halting at best.

IN HANOI: About 1,100 kilometers (700 miles) to the south, Vietnam and the European Union used the same phrasing on the same day. They upgraded ties to a comprehensive strategic partnership. The agreement places Vietnam on the same diplomatic footing with the EU as the United States, China and Russia.

IN NEW DELHI: Two days earlier, the EU and India reached a major free trade accord that had been mired in negotiations for years. It covers everything from textiles to medicines and will bring down India’s high tariffs on European wine and cars.

Trump was not the only factor behind the agreements, but his shaking up of the global order is worrying friends and foes and driving them closer. From a purely economic perspective, his import tariffs have sent countries seeking new markets to reduce their dependency on the American consumer.

More broadly, all the agreements have been accompanied by words from the leaders referring to the uncertainty that Trump has introduced to global affairs, though mostly without mentioning his name. The systems they have relied on to manage the world since the end of the Cold War and, in some cases since World War II, appear at risk.

British Prime Minister Keir Starmer called for working with China on global stability “during challenging times for the world.” Chinese leader Xi Jinping described the international situation as “complex and ever-changing.” In New Delhi, Prime Minister Narendra Modi said the partnership with the EU “will strengthen stability in the international system” at a time of ”turmoil in the global order.”

European Council President António Costa summed up the sentiment Thursday in the Vietnamese capital: “At a moment when the international rules-based order is under threat from multiple sides, we need to stand side by side as reliable and predictable partners.”

The post A spectre is haunting Europe — the spectre of Trump. Cue the Asian trade deals appeared first on Fortune.

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