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Trade Wars Escalate as Trump Targets Allies
U.S. President Donald Trump’s latest threat to impose high tariffs on Canadian and Mexican goods has economists warning of a new 'America Alone' strategy. According to Xing Yuqing, economics professor at Japan’s National Graduate Institute for Policy Studies, Trump believes the U.S. holds all the leverage in global trade negotiations – even if it means alienating allies.
'The U.S. is using its economic power to rewrite trade rules unilaterally,' Xing told CGTN, calling it a risky gamble that could reshape global supply chains. Markets are watching closely as tensions rise between the world’s largest economy and its North American neighbors.
What’s Next for Global Trade?
Young professionals and entrepreneurs, take note: This move could disrupt industries from automobiles to agriculture, affecting prices and partnerships worldwide. With Trump prioritizing 'America first' over diplomatic ties, experts say businesses must prepare for a more fragmented trade landscape.
Trade Wars Escalate as Trump Targets Allies
'The U.S. is using its economic power to rewrite trade rules unilaterally,' Xing told CGTN, calling it a risky gamble that could reshape global supply chains. Markets are watching closely as tensions rise between the world’s largest economy and its North American neighbors.
What’s Next for Global Trade?
