US tariffs on Chinese goods might be making headlines, but a Cambridge economist says they’re not the knockout punch some think. Jostein Hauge, assistant professor at the University of Cambridge, argues that China’s diversified trade networks and growing partnerships across Asia, Africa, and Latin America are cushioning the blow. 🌍💼
Hauge suggests Trump’s tariff strategy is less about ‘winning’ economically and more about political signaling. \"It’s like using a sledgehammer to negotiate,\" he says, pointing out that tariffs often hurt US consumers and businesses more than they weaken China’s export machine. 📈🔧
For young professionals and entrepreneurs tracking global markets, the takeaway is clear: China’s economy isn’t playing a solo game. With supply chains shifting to countries like Vietnam and Mexico, and regional trade pacts like RCEP gaining steam, Hauge says Beijing’s focus is on long-term resilience—not short-term trade spats. 🌏✨
What’s next? Academics and students studying global economics should watch how China’s tech innovation and green energy investments could redefine its role in the world economy. Meanwhile, TikTok-level take? Tariffs are yesterday’s tool in a Gen-Z trade world. 💡🚀
Reference(s):
Cambridge economist: Trump's tariffs unlikely to hurt China or spur US
cgtn.com