CNA938 Rewind - One year on, how has Trump’s Liberation Day tariffs reshaped trade?
On Apr 2, 2025, US President Donald Trump imposed a 10 per cent baseline tariff on most imports, alongside additional reciprocal duties tied to trade surpluses, leaving several South-east Asian economies among the hardest hit. In an unexpected turn, the “Liberation Day” tariffs were later struck down by the US Supreme Court. One year on, what has changed? How have the tariffs reshaped global trade? Andrea Heng and Hairianto Diman get a report card from Chris Humphrey, Executive Director, EU-ASEAN Business Council