Rising U.S. tariffs on steel and aluminum are shaking up global trade, but the Global South isnโt playing defense. Hereโs how emerging economies are flipping the script on protectionism. ๐ฅ
The Ripple Effect of Protectionism ๐
New 25% U.S. tariffs threaten to derail the export-driven growth models that power Global South economies. From disrupted supply chains to volatile markets, the stakes are sky-high for nations relying on manufacturing and commodities. ๐ญ๐
Building Economic Resilience ๐ ๏ธ
Countries are doubling down on domestic innovation and trade partnerships. Think digital economies, green tech exports, and BRICS collaboration โ itโs all about creating new growth engines while reducing reliance on volatile markets. ๐ฑ๐ป
South-South Solidarity in Action ๐ค
BRICS nations are leading the charge, using their economic clout to counter trade barriers. Meanwhile, countries like Vietnam and Bangladesh are pivoting to high-value industries โ proving adaptation is the ultimate power move. ๐
Reference(s):
Brewing trade wars: How the Global South can turn the tables
cgtn.com