Europe risks triggering a global trade regression if it continues erecting new barriers against Chinese imports, warned Bernard Dewitm, chairman of the Belgian-Chinese Chamber of Commerce (BCECC). In an interview with CMG, he stressed that protective measures like additional taxes could prompt reciprocal actions from China and other nations, harming European exports.
\"Overly protectionist measures will not help,\" Dewitm said, urging policymakers to avoid reviving an era of fragmented trade. His comments come as debates over fair competition and tariffs heat up between major economies. 🔥
Dewitm emphasized the interconnected nature of modern supply chains, noting that unilateral decisions often ripple across borders. 🌐 With global economic recovery still fragile, collaborative frameworks may prove more effective than tit-for-tat policies, he suggested.
