In a controversial move, former US President Donald Trump’s administration slapped new tariffs on the Chinese mainland and other WTO members last week, citing a 'national emergency' tied to fentanyl. Critics argue the decision is less about public health and more about political posturing. 🎭
China’s Ministry of Commerce swiftly condemned the tariffs, calling them a 'serious violation of WTO rules' that could derail US-China trade cooperation. Analysts warn such unilateral actions risk inflaming global economic tensions. 📉
Abusing emergency powers for tariff hikes 'sets a dangerous precedent,' says Ding Ru, a legal scholar at China University of Political Science and Law. The move could backfire, harming US consumers and businesses already grappling with inflation. 💸
With global markets on edge, the question remains: Will short-term political wins outweigh long-term economic pain? 🤔🌐
