President Donald Trump promised to shake up global trade – and he says that is now paying off.

The United States has signed an investment deal with Japan, worth more than half a trillion dollars.

That follows Washington’s new trade agreements with the Philippines and Indonesia – all touted as wins by the administration from Trump’s policy of applying pressure through tariffs.

But are these short-term gains that could mask longer-term risks?

And who is winning – and who is losing?

Presenter: Adrian Finighan

Guests:

Tomohiko Taniguchi – Special adviser at the Fujitsu Future Studies Centre

Eric Ham – Political analyst

Nathalie Tocci – Director of Instituto Affari Internazionali