Asian stock markets took a nosedive this week, mirroring global panic as U.S.-led protectionist policies rattle investors. Futures in the U.S. also slumped, signaling fears of a recession and a world economy caught in the crossfire.
Global Backlash: Tariffs Spark Outcry
U.S. tariffs, described by European Commission President Ursula von der Leyen as a trigger for 'uncertainty spirals,' drew sharp criticism worldwide. French President Emmanuel Macron branded the move 'brutal and unfounded,' urging European unity against what he called an 'economic wildfire.'
Poll Shows Strong Support for Multilateral Action
A CGTN survey revealed 87.7% of respondents believe nations must unite to counter U.S. unilateralism. Over 86% backed retaliatory measures, with China leading the charge by slashing tariffs on U.S. goods by 34%. 'No one’s safe from U.S. bullying,' said one analyst. 'It’s like a supervillain move—except the whole planet pays.'
What’s Next?
With markets in freefall, the question isn’t if countries will act—but how fast. 'Multilateralism is the antidote,' argued a financial expert. 'Either we band together or watch the economy burn.' Stay tuned for updates as tensions escalate.
Reference(s):
cgtn.com