U.S. President Donald Trump has fired the first shot in his long-awaited trade war, threatening to impose tariffs of up to 25% on imported steel and aluminium. The European Union, the second-highest source of imported U.S. steel, has promised to impose its own tariffs on U.S. goods in response. Meanwhile, China has said that it will take “necessary measures” if its own interests are harmed.
This is just the latest step in President Trump’s domestic and international economic reforms. It follows a raft of corporate and personal tax cuts, introduced in December, the effects of which will be felt not just in the United States but around the world.
These measures present important questions for businesses, governments and investors, including:
- What are the implications of an escalating trade war?
- Who stands to gain (and lose) if trade barriers increase?
- Is rising protectionism a threat to global trade?
To discuss these and other questions, EuroCham is hosting a special event at which Prof. Jack Suyderhoud, retired Professor of Business Economics, University of Hawaii, and Madame Pham Chi Lan, renowned Vietnamese economist will share their analysis and views. They will be joined for a panel discussion by Mr. Sebastian Eckhart, Senior Economist at the World Bank’s Vietnam office and Prof.Claudio Dordi, Associate Professor at Bocconi University.