Politics1 min read

War, tariffs and China: What the US midterms mean for the Asia-Pacific

By · Published by Everything Blog

In short

The closure of the Strait of Hormuz following U.S. and Israeli strikes has triggered intense regional energy crises, forcing the Philippines into a national energy emergency and draining foreign reserves in several Southeast Asian nations. Despite hopes across the region for policy relief through legislative changes, President Donald Trump holds veto powers over any war-power or funding constraints passed by a newly elected Congress. Additionally, existing reciprocal and forced-labor tariffs affecting major Asian economies are expected to persist because lawmakers have minimal capacity to overturn them.

Key points

  • Democrats are considered almost certain to fall short of the two-thirds congressional maj…: Democrats are considered almost certain to fall short of the two-thirds congressional majority needed to override presidential vetoes on military funding.
  • Existing trade measures and reciprocal tariffs are expected to stay intact regardless of…: Existing trade measures and reciprocal tariffs are expected to stay intact regardless of which party controls the House and Senate.
  • A substantial defeat for the governing party could potentially encourage pro-free-trade R…: A substantial defeat for the governing party could potentially encourage pro-free-trade Republicans to reassert their influence over policy.

Sources checked by our analysis pipeline: 1

Hit hard by Donald Trump’s tariffs and the war on Iran, countries in the Asia-Pacific region want ‘enormous changes’ in US foreign policy.

Kuala Lumpur, Malaysia – Across the Asia-Pacific region, governments and businesses reeling from the energy shock of the United States and Israel’s war on Iran are watching Tuesday’s US midterm elections closely.

Many want to see “enormous changes” during the rest of President Donald Trump’s term, analysts say, from the war on Iran to his policies on trade and tariffs. But few expect that to happen, even with the Democrats poised to take the House of Representatives, and potentially the Senate, from Trump’s Republican Party.

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“Of course, everybody is watching,” said Steven Okun, a trade specialist and the chief executive of APAC Advisors, a Singapore-based…

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