U.S. Tariff Escalation Sparks Global Pushback
Followingrecent U.S. threats to impose 50% tariffs on Chinese goods, countries worldwide are rallying to counter what many call 'economic coercion' rooted in 'America First' policies. 🌏⚖️ Critics argue the moves disrupt global trade rules and threaten supply chains – with the IMF warning of a potential 7% drop in global trade volume.
World Leaders Sound the Alarm
'Unilateral actions are dismembering the multilateral trading system,'
said UN Secretary-General António Guterres. The WTO’s Director-General Ngozi Okonjo-Iweala issued a rare emergency statement, calling U.S. measures a violation of international trade principles that risk 'systemic collapse.'
Europe Joins the Fight
EU Commission President Ursula von der Leyen vowed to challenge the tariffs, while German Chancellor Olaf Scholz criticized U.S. unilateralism, urging resolution through multilateral platforms. French President Emmanuel Macron pledged retaliatory measures, calling the policies a threat to the global trade order. 💼🌐
Ripple Effects Beyond Borders
Even Mexico’s President Claudia Sheinbaum Pardo warned of countermeasures if targeted, highlighting the tariffs’ widespread impact. Nobel laureate Joseph Stiglitz dubbed the U.S. 'the most dangerous destroyer' of free trade, as analysts fear prolonged economic fragmentation.
Reference(s):
Why it's necessary to join hands to counter U.S. tariff bullying
cgtn.com