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令和7年6月5日(木)14:00~16:00
※終盤は質疑応答の予定です。
公益財団法人アジア成長研究所 6F 会議室
(北九州市小倉北区大手町11-4)
アジア成長研究所 名誉教授/客員教授、タイ・タマサート大学 客員教授
エリック・D・ラムステッター(Eric D. RAMSTETTER) 氏
When Do Prohibitive Tariffs Turn into Bullets and Bombs? The Economic Idiocy behind Terrorization of Asia by the USA and China
This essay in political economy will seek to clarify many important points about the dramatic increase in U.S. protectionism in early 2025 and China’s extreme, protectionist response from the viewpoint of other Asian economies that depend heavily on both of these economic partners. The central thesis is that prohibitive tariffs on bilateral trade that were announced by both countries in early April 2025 are not sustainable because of the large economic costs they impose. Like the Japanese response to U.S. protectionism in the 1930s, a violent response from China seems increasingly likely, probably much sooner than many observers seem to expect. Chinese military belligerence toward Taiwan and ASEAN seriously aggravates the situation. The other side of the coin is that there are huge benefits for both China and the USA, and the rest of Asia, if a peaceful climb-down to lower protection can be negotiated. Presently (on 11 April 2025), the probability of a beneficial reduction in protection seems very low because leaders in China and the USA believe in economic idiocy, creating immense danger for all Asian economies.
1. The Problem
2. History and Facts
2a. U.S. Instigation of the Current Crisis under Trump2
2b. The Legacy of U.S. Protectionism in Asia
2c. The Legacy of Chinese Protectionism
2d. Chinese Territorial Belligerence Toward Taiwan and ASEAN
3. The Persuasive Economic Case for Lower Protection Everywhere
3a. Benefits for the USA
3b. Benefits for China
3c. Benefits for All Importers
4. Conclusion: How can anyone be so stupid to believe tariffs help importers in 2025?
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6月4日(水)午後12時
更新日:2025年5月14日
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