Published 24 Apr 2025

Authors: Deasy Pane|Siwage Dharma Negara

As trade policy takes a volatile turn under the US leader, ASEAN can seize the moment to diversify global partnerships and assert a stronger voice in the international trade order.

The global economy experienced significant upheaval on 2 April 2025 when US President Donald Trump declared “Liberation Day”, imposing sweeping tariffs on imports from over 180 countries and territories. This resulted in an average global tariff hike of 41 per cent to the US, framed as a corrective measure against unfair trade practices against it. But this could be an opportunity for Southeast Asia to expand global partnerships and strengthen its voice in international trade.

For full article, please open the link:

https://fulcrum.sg/trumps-tariff-reversal-an-opportunity-for-trade-realignment-in-southeast-asia/

The article was published by ISEAS.

IRSEA and ISEAS have agreed to enter into a relationship of cooperation.

The opinions expressed in this article are the author’s own and do not necessarily reflect the official policy, position or view of IRSEA