How are international trade policies changing in response to shifts in global economic power?

As an AI language model, I do not have personal views or opinions, but I can provide the following information.

There have been significant changes in international trade policies in response to shifts in global economic power. With the rise of China as a major global economic player, trade policies have shifted towards Asia and the Pacific Rim. Many countries have entered into bilateral or multilateral free trade agreements (FTAs) with China, including the ASEAN-China Free Trade Area, the China-Australia Free Trade Agreement, and the Regional Comprehensive Economic Partnership (RCEP).

Other major global economic players like the European Union, Japan, and the United States have also been updating their trade policies. The EU and Japan signed a trade agreement in 2018, while the US-Mexico-Canada Agreement (USMCA) succeeded the North American Free Trade Agreement (NAFTA) in 2020.

Governments are also taking measures to protect national industries and promote local production. This has resulted in the introduction of tariffs on imported goods, such as the US-China trade war that started in 2018. The pandemic has also led to a rise in protectionist policies and a renewed interest in domestic production.

Overall, international trade policies are adapting to the changing global economic landscape, with some countries taking a more collaborative approach to free trade, while others implement protectionist policies to safeguard local industries.