Trump's tariffs and the future of the global order
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Trump's tariffs and the future of the global order
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The future of the global economic order is in flux. Beijing's coercive economic policies, President Trump’s unprecedented tariffs, and the embrace of industrial policies around the world have cast doubt on the future of international economic rules. Globally, countries like Australia are being forced to contend with a more fragmented economic landscape that is affecting trade and technology flows, supply chains, multilateral institutions, and relations with the major powers.
In this era of unpredictability, critical questions arise:
- Where are Trump's tariffs heading and how will they impact US economic relations and the United States as a place to do business?
- Are the US and China heading for economic decoupling?
- How should countries like Australia, Japan, South Korea, and India navigate great power competition and economic pressure?
- What is the impact on alliance relations?
- What role will minilateral and regional groups play in shaping a post-tariff global order?
These questions were discussed by leading expert in diplomacy and economic affairs in East Asia, Ambassador Kurt Tong and USSC CEO, Dr Michael J. Green, at a public event moderated by USSC Director of Economic Security Hayley Channer.