The U.S.-China trade deal President Donald Trump announced on Jan. 15 marks a temporary cease-fire in the trade wars he launched in 2018, but the deal’s backdrop — the growing backlash against globalization — will persist, auguring a future where trade within regions becomes a bigger driver of growth, analysts say.

Economists predict Asia will prove resilient in that environment, even as countries such as Japan, South Korea and China have arguably been globalization’s biggest winners over the past 60 to 70 years.

The U.S.-China “phase one” deal, which followed a spate of market-roiling U.S. tariff hikes and Chinese counter hikes over the past 18 months, included a Chinese pledge to increase imports of U.S. goods by $200 billion over the next two years

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