Shiro Armstrong

1 week ago | eastasiaforum.org | Shiro Armstrong

The 28 per cent average tariff rate in the United States today, even with the 90 day pause, is significantly higher than the average rate of 19.8 per cent imposed during the Smoot-Hawley Tariff Act of 1930. The highest Smoot-Hawley tariff rate was 59.1 per cent, well below the 145 per cent US President Donald Trump has slapped on all Chinese imports. Today’s tariffs return the United States to its 1821 to 1900 average 29.7 per cent tariff rate.

1 week ago | thejakartapost.com | Shiro Armstrong |Yose Rizal Damuri

The 28 percent average tariff rate in the United States today, even with the 90 day pause, is significantly higher than the average rate of 19.8 percent imposed during the Smoot-Hawley Tariff Act of 1930. The highest Smoot-Hawley tariff rate was 59.1 percent, well below the 145 percent the Trump Administration has slapped on all Chinese imports. Today’s tariffs return the US to its 1821 to 1900 average 29.7 percent tariff rate.

1 month ago | johnmenadue.com | Shiro Armstrong

Australia has unveiled a new National Interest Framework which integrates security considerations into domestic economic policy, aiming to secure economic resilience and security amidst changing global power structures and increasing geopolitical tensions. But Australia has not yet placed strategic economic diplomacy at the forefront of the framework.

2 months ago | onlinelibrary.wiley.com | Shiro Armstrong |Mireya Solís |Shujiro Urata

1 Introduction New geopolitical realities are reshaping the world economy. The United States and China have moved away from an era of engagement to one of great power rivalry. Under Xi Jinping, China has doubled down on state intervention to achieve self-sufficiency in core technologies and has flexed its economic influence abroad through carrots (such as infrastructure finance) and sticks (economic coercion).

Feb 9, 2025 | eastasiaforum.org | Shiro Armstrong |Tom Westland

Donald Trump — a man whose career is so thoroughly littered with scams that other scams to which he is not personally connected nonetheless orbit around him like small satellites — has no concept of mutually beneficial trade, which is the most fundamental principle of economics. For him, every interaction has a winner and a loser, and the United States cannot let itself be a loser in any circumstances.