Trade is no longer just an economic tool — it’s a geopolitical weapon. In a recent CNBC segment, APAC Advisors CEO Steven Okun unpacked why the market relief following Trump’s Greenland tariff pause is likely temporary, and why the U.S. is increasingly mirroring China in weaponising trade. The implications for businesses are significant: greater uncertainty, higher risk, and a more politicised operating environment. As geopolitical playbooks converge, companies and investors

The star of America’s 250th anniversary celebrations in Asia should be its most enduring export – its founding principles Steven Okun Published: 5:30am, 27 Feb 2026 In his farewell address, then US president Ronald Reagan advocated for the United States to do “a better job of getting across that America is freedom: freedom of speech, freedom of religion, freedom of enterprise. And freedom is special and rare”. The Trump administration should follow Reagan’s advice as it desig

AI promises productivity gains, but without corporate and investor commitment, Singapore risks deeper inequality, higher emissions, and growing social strain as jobs are lost. By Steven Okun, Megan Willis, Noemie Viterale Feb. 20, 2026 Artificial Intelligence (AI) empowers businesses to do more with less people. Many businesses are racing ahead to take full advantage. DBS Bank’s announcement that AI will eliminate 4,000 jobs across 19 markets provides both a proof point and

Trang (Tris) Ha Thao Nguyen invited Steve for an interview for the global affairs program Global Insight to forecast global clean energy momentum for the next 5 years and how this may be affected by changing climate policies from the US and China. The first question: What do you see as the main reasons behind US President Donald Trump’s climate stance? Simple. He does not believe in the climate crisis. And, a focus away from traditional energy sources would harm the US econ

A Hedge Against an Unpredictable United States Western middle powers like Britain, feeling increasingly alienated by the United States, are now looking to hedge their economic interests by rebalancing toward China, analysts said. “For the past few years, companies were diversifying and de-risking from China. Now, they are doing so from the United States,” said Steve Okun, head of APAC Advisors, a geopolitical consulting firm. Mr. Xi offered a thinly veiled critique of the cur

The World Economic Forum meeting at Davos shows that the room for manoeuvre is narrowing for middle powers, says US politics observer Steven Okun. SINGAPORE: The end of this year’s World Economic Forum in Davos should not bring relief to anyone. Stocks rallied when United States President Donald Trump announced he would not use force to seize Greenland . However, the global economic order governments spent decades building, which markets benefited from, no longer exists. Sin

The resistance to Artificial Intelligence will come from the social disruption it will bring – and data centres will be where that backlash lands first. Investors in AI must ensure that its benefits are shared across society, harm is reduced, and value created local Artificial intelligence (AI) fuels one of Asia’s fastest infrastructure expansions in decades – data centres, which are essential to achieve the promise of AI, such as advances in education, health care, longevity

Renee Good’s death could be a rallying point against President Donald Trump or a turning point towards a more authoritarian government, says US politics expert Steven Okun. SINGAPORE: The fatal shooting of Renee Nicole Good by a United States Immigration and Customs Enforcement (ICE) agent in Minneapolis last week has become tragedy and political flashpoint. Her death exposed just how badly the US has fractured. For one side, the killing of the unarmed 37-year-old mother of

Domestic resistance grows as US president's foreign-policy latitude expands Steven R Okun and Thurgood Marshall Jr Steven R Okun and Thurgood Marshall Jr served in the Clinton administration as deputy general counsel at the Department of Transportation and White House Cabinet Secretary, respectively. Okun serves as CEO of APAC Advisors in Singapore. Marshall practices law in Washington. Even with his Houdini-like ability to escape consequences for actions once thought impossi

Commerce Secretary Lutnick said the US expects a large investment pledge in excess of $300 billion from Taiwan in trade talks. Lutnick also said they would help train US workers for advanced semiconductor production. Taiwan maintains such training is not part of bilateral tariff negotiations. Just another example of America First where US treats its partners more as vassal states. Given Japan pledged to invest $550 billion and South Korea $350 billion, Taiwan got off light.

The backlash to Dr Anjani Sinha’s remarks after beginning his tenure in Singapore shows just how difficult his mission will be, says political observer Steven R Okun. SINGAPORE: “Increase our economic and commercial ties,” was what President Donald Trump instructed Dr Anjani Sinha before he assumed the post, according to the newly arrived US Ambassador to Singapore . Yet the backlash to Dr Sinha’s recent remarks shows just how difficult that mission will be under Mr Trump’s A

At a moment when business, politics, and global risk are converging, Steven Okun joined The Quinntessential Questions Podcast with Paul Quinn to explore what it really takes to lead in Asia. Steven reflects on how a journey that began on Bill Clinton’s campaign took him from Washington to Singapore - from opening China for UPS to helping shape the early foundations of ESG in Asia long before it became mainstream. The episode explores the biggest aviation case in U.S. hist

Investors who fail to assess and mitigate the potential harms of adopting Artificial Intelligence cannot credibly call themselves “responsible”. By Steven Okun, Megan Willis, Noemie Viterale Nov. 12, 2025 A hyperscaler data centre. For investors in AI, the test will be how to ensure adoption of AI while mitigating the harm from job losses, the increase in income inequality, and the damage to the environment. Image: Tommy Young/Flickr Artificial Intelligence (AI) did not exis

The Unchecked Leader: Why Great Decisions Demand Checks, Balances, and Empathy — with Steve Okun When the stakes are high, one mind isn’t enough.In this episode of Decisions That Count , neuroscientist Dr. Shawn Watson and biotech CMO Michelle O’Brien sit down with Steven “Steve” Okun —ranked #2 on LinkedIn for Geopolitics & International Relations in Singapore (Favikon, July 2025)—to explore why the best leaders design decision systems : collaboration, diverse perspectiv

Geopolitics isn’t a backdrop anymore—it’s the arena. I talked with Steven Okun , CEO of APAC Advisors, to unpack the collision of business and government across Asia: America-first trade policy, the shift from multilateral to bilateral deals, tighter forced-labor enforcement, and why due diligence now requires “Sherlock-level” scrutiny. What you’ll learn: how policy shocks ripple through supply chains and capital flows, what investors and operators must do to stay compliant

Will ASEAN come together or fracture in dealing with America First? Can the US-China trade war stabalize? How will Chinese transshipments be addressed in a US-Malaysia agreement? Is there a coalition led by the US that can be developed to counter China's dominance of Rare Earth The only thing we know for sure: Malaysia, South Korea and Japan will each engage in "flattery diplomacy" given that's the playbook all governments use when it comes to Trump. Breaking down what to wa

Concern is increasing throughout Southeast Asia as U.S. officials, intent on slowing China, have yet to say how they will define the origin country of imports. Trump administration officials have been vocal about setting one rule-of-origin target for the region. They have focused on 30 percent: Any product containing more than that level of foreign parts or content sent to the United States would face the special transshipment tariff. While discussions are fluid, one thing is

The U.S. announced agreements on Sunday with Malaysia, Thailand and Cambodia, securing support for its efforts to pressure China on trade and critical minerals. While the statements did not mention China, to varying degrees they signaled each country’s support for Mr. Trump’s aim to reduce China’s stranglehold on some of the most important materials that go into a wide array of products, such as batteries, smartphones and magnets for fighter jets. In addition, the statements

Steven Okun, CEO of public affairs consultancy APAC Advisors, said when interviewed that though Trump is not expected to make significant policy statements at the ASEAN Summit, his attendance itself sends an important signal that “Southeast Asia is key to the US from an economic perspective, a geopolitical perspective and a defence perspective.” “Just by taking off the fentanyl tariffs, that would put China at almost the same tariff rate as most Southeast Asian countries. And