As the U.S. rolls out new tariffs on Chinese goods, Beijing is doubling down on its stance: America's 'extortionate' trade policies won't work. 📉 'There are no winners in a trade war,' warns Yao Yang, director of Peking University's China Economic Research Centre. 'Tariffs won’t make America great—they’ll only strain global markets.' 💼
While Washington aims to boost domestic industries through tariffs, experts like Yao argue the U.S. needs internal reforms, not international showdowns, to fix economic woes. 🔧 Could this strategy backfire, eroding America’s global influence? 🌏 Critics say the move risks alienating allies and destabilizing supply chains already rattled by pandemic disruptions.
For young professionals and entrepreneurs tracking Asia’s markets, the big question remains: How will this impact cross-border innovation and investment? 💡 One thing’s clear—China’s economy, a titan in tech and manufacturing, isn’t buckling anytime soon. 🚂
So, what’s next? Stay tuned as we unpack the ripple effects of this high-stakes trade chess match. ♟️ (Got thoughts? Hit reply—we’re all ears! 👂✨)
Reference(s):
cgtn.com