The UP Asian Center will hold the online roundtable "Asia Under Pressure: Trump’s Economic Policies on Asian Economies" on 24 April 2025, 3:00 PM, PHT (GMT+8), online via Zoom. The event is free and open to the public but signing in to a (free) Zoom account is required.
ABOUT THE ROUNDTABLE
At the start of his term, newly elected US President Trump fiercely demonstrated his commitment to follow through with the promises he made during his campaign beginning with the crackdown on illegal aliens. With US trade policy identified as an important security interest of his administration, Trump has also begun imposing a ten percent tariff on all imports last 2 April 2025, which he declared as the country’s “Liberation Day.” These measures were said to address trade imbalances and remove bilateral trade deficits ultimately toward American economic independence.
States, international organizations, and experts, however, have expressed concern over these drastic economic maneuvers feared to result to a trade war as well as a global recession. At the onset, the impact of these measures will likely deal a heavy blow to developing and manufacturing economies such as Vietnam, Cambodia, and Bangladesh. Meanwhile, China, touted as the second largest economy in the world and a major US trading partner, was levied sky-high tariffs totaling 125%, the highest among all US trade partners. As a response, China and other states, including Mexico, and Canada, have started pushing back against these measures and implemented countermeasures such as equally high tariffs on US exports.
These measures are expected to have a ripple effect on not only the economies of smaller countries and US trade partners but also on the US domestic economy and the global economy. As such, this webinar aims to shed light on the possible impact of these economic measures to Asia, as a crucial participant in global trade. Specifically, this webinar seeks to address the following questions:
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What are the impacts of these economic measures on economies in Asia? How are Asian economies responding to these economic measures?
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How can Asian countries manage the effects of these measures and protect their respective economies?
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How do these measures reshape free trade and global trade patterns?
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Given the volatile security and territorial tensions within the continent, will these measures affect security alliances and the overall configuration of the world and regional order? Why or why not? How?
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ABOUT THE SPEAKERS
RIZAL SHIDIQ, Ph.D.
University Lecturer, Leiden University Institute for Area Studies
Rizal Shidiq is a University Lecturer at South and Southeast Asian Studies, Leiden University Institute for Area Studies, specialising in the economies of modern Southeast Asia. He is an economist by training with primary fields in development economics and secondary field public choice. His current research topics are on political connections in developing countries, religious intolerance, and carbon trade.