Hello and welcome to the panel discussion of World Today, I'm Ding Heng in Beijing.
U.S. President Donald Trump's sweeping tariffs and tariff threats are inflicting significant disruptions on international trade,
putting global growth at risk.
Allianz Global Investors, a global investment management firm,
has warned
that Trump's Liberation Day announcement will shave at least 1% of global economic output and the further escalation of the trade conflict would raise the risk of a global recession.
China is the central target of Trump's tariff war.
Faced with U.S. tariffs,
the Chinese government has delivered a message that China stands firm against unilateral bullying practices and China remains a strong supporter of trade liberalization.
So amidst turbulence caused by Trump's trade war,
to what extent can China help maintain stability in global trade system?
This question and much more in this edition of the program.
To listen to this episode again or to catch up on previous episodes,
you can download our podcast by searching World Today.
So joining us now on the line are Peter Chang, former deputy director of the Institute of China Studies,
University of Malaya and a research associate with Malaysia-China Friendship Association Dr. Frank Liu,
associate professor from the Business School of the University of Western Australia and Aina Tingan,
senior fellow West Taihe Institute.
So thank you very much for joining us today, gentlemen.
Aina, to start with you,