As the U.S. rolls out new tariffs on Chinese goods, Beijing is doubling down on its stance: America's 'extortionate' trade policies won't work. ๐ 'There are no winners in a trade war,' warns Yao Yang, director of Peking University's China Economic Research Centre. 'Tariffs wonโt make America greatโtheyโll only strain global markets.' ๐ผ
While Washington aims to boost domestic industries through tariffs, experts like Yao argue the U.S. needs internal reforms, not international showdowns, to fix economic woes. ๐ง Could this strategy backfire, eroding Americaโs global influence? ๐ Critics say the move risks alienating allies and destabilizing supply chains already rattled by pandemic disruptions.
For young professionals and entrepreneurs tracking Asiaโs markets, the big question remains: How will this impact cross-border innovation and investment? ๐ก One thingโs clearโChinaโs economy, a titan in tech and manufacturing, isnโt buckling anytime soon. ๐
So, whatโs next? Stay tuned as we unpack the ripple effects of this high-stakes trade chess match. โ๏ธ (Got thoughts? Hit replyโweโre all ears! ๐โจ)
Reference(s):
cgtn.com