The impact of recent US trade policies on Asia
Panel organised by: Doris Fischer (Universität Würzburg)
US trade policies under President Donald Trump question the multilateral trading system, attempt to renegotiate regional trade agreements and attack bilateral economic relations. Arguably, the most crucial challenge for Asia is the (at the time of writing) expanding trade war with China. While this process is ongoing, consequences are already visible. In the globalized economy, the challenges to the incumbent rules of bilateral, regional and global economic relations that emerge from the current the US administration are on the one hand felt at the level of the real economy, as firms and production networks have to adapt to a rapidly changing environment. On the other hand, we see shifts at the political and policy level, as governments try to reposition their countries in the global economic power game.
The panel invites papers that address these issues by focussing on the perspective and development in Asian countries. Papers analysing the following or related questions are especially welcome:
- How does the US-China trade war impact on Asian economies other than China?
- Is it possible to discern winners and losers of the US policies and why?
- Do we observe trade and investment diversion in Asia due to US trade policies?
- What are alternative instruments of regional economic governance emerging from Asia since the US cancelled TTP?
- How are China’s reactions to US economic policies debated in other Asian countries?
- How does China use the situation to enhance its position in Asia?
- Do current US policies accelerate or slow the long-term process of a global power shift to Asia?