The September 2026 edition of our Cargo & Capital newsletter examines the impact of the US’ ongoing retreat from global alliances, in particular, Asia-Pacific and its Quad Alliance partners. The US’ retreat is resulting in efforts by non-American members, Japan, India and Australia to deepen bilateral trade and defence.

The US’ departure from Quad holds greater benefits for a number of sectors in the region: Japan has increased its defence budget, while critical minerals initiative and energy deals between the three countries has also risen in the absence of US. Meanwhile, India is actively looking for opportunities to generate new opportunities with partners in Japan and Australia.

Read the newsletter to find how these shifting geopolitical relationships impact business, trade and capital flows.