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Trump, Tariffs, and Trade Wars | The Capital Cable #106

February 13, 2025 • 9:30 – 10:15 am EST

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How will Trump’s tariffs shape the global economy? Could they escalate into trade wars? And what does this mean for U.S. allies like Korea? 

Joining Mark Lippert and Victor Cha to discuss this and more are Mr. Han-koo Yeo from the Peterson Institute for International Economics, Mr. Peter Harrell from the Carnegie Endowment for International Peace and Dr. Philip Luck from CSIS.

Han-koo Yeo has been a Senior Fellow at the Peterson Institute for International Economics since June 2023. Previously, he served as trade minister of the Republic of Korea in 2022 and was the chief negotiator for bilateral and multilateral agreements, including RCEP, the Korea-UK FTA, the Korea–Central America FTA, the Korea-Indonesia CEPA, and the Korea-Philippines FTA. He was also involved in shaping the Indo-Pacific Economic Framework for Prosperity. As a commercial attaché at the Korean Embassy in Washington, he worked on Korea-US FTA amendments and Section 232 steel negotiations. He also led Korea's export control measures against Russia following its invasion of Ukraine. 

Peter Harrell is a nonresident fellow at the Carnegie Endowment for International Peace and an attorney advising on international legal, regulatory, and geopolitical risks. From January 2021 through 2022, Harrell served at the U.S. White House as senior director for international economics, jointly appointed to the National Security Council and the National Economic Council. From 2015 to early 2021 Harrell was an attorney in private practice and served as Adjunct Senior Fellow at the Center for a New American Security. From 2012 to 2014, Harrell served as the deputy assistant secretary for counter threat finance and sanctions in the State Department’s Bureau of Economic and Business Affairs. From 2009 to 2012 he served on the State Department’s Policy Planning Staff, where he was instrumental in developing Secretary of State Hillary Clinton’s economic statecraft agenda. 

Philip A. Luck is director of the CSIS Economics Program and Scholl Chair in International Business. He served in the Biden-Harris administration as the deputy chief economist at the U.S. Department of State. Dr. Luck is an expert on the economics of international trade, global supply chains, and international migration policy. At the Department of State, Dr. Luck led analytical efforts to combat sanctions and export control evasion, increase global supply chain resilience, combat economic coercion, as well as improve migration policy design and implementation. Prior to joining the U.S. Department of State, Philip was an assistant professor of economics at the University of Colorado, Denver.

This event is made possible through general support to CSIS. 

Contact Information

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Victor Cha
President, Geopolitics and Foreign Policy Department and Korea Chair
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Yeo Han-koo

Han-koo Yeo

Senior Fellow, Peterson Institute for International Economics; Former Trade Minister of the Republic of Korea
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Peter Harrell

Peter Harrell

Former Senior Director for International Economics, National Security Council and National Economic Council
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Phil Luck
Director, Economics Program and Scholl Chair in International Business