Rising U.S. tariffs on steel and aluminum are shaking up global trade, but the Global South isn’t playing defense. Here’s how emerging economies are flipping the script on protectionism. 💥
The Ripple Effect of Protectionism 🌊
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. 🏭📉
Building Economic Resilience 🛠️
Countries are doubling down on domestic innovation and trade partnerships. Think digital economies, green tech exports, and BRICS collaboration – it’s all about creating new growth engines while reducing reliance on volatile markets. 🌱💻
South-South Solidarity in Action 🤝
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 – proving adaptation is the ultimate power move. 🚀
Reference(s):
Brewing trade wars: How the Global South can turn the tables
cgtn.com