Hold onto your wallets, folks—new analysis reveals that former U.S. President Donald Trump's 'reciprocal tariffs' are landing the heaviest blow on the globe's most economically vulnerable nations. 💥 With nearly 200 countries and regions targeted, including allies and rivals alike, experts warn this policy risks deepening global inequality.
🚨 CGTN's Liu Jiaxin reports that under-developed countries, already grappling with limited resources, face heightened economic instability due to these trade barriers. The tariffs—meant to pressure nations into lowering duties on U.S. goods—have sparked debates over fairness. "It's like charging entry fees to a concert everyone needs to attend," one economist quipped, comparing the policy to taxing essentials.
🌱 Critics argue the strategy overlooks the fragile ecosystems of smaller economies, where even minor trade disruptions can ripple into crises. Meanwhile, leaders in affected regions call for urgent international dialogue to address what they call a 'lose-lose' scenario. Will this policy spark a global rethink on trade equity? Stay tuned.
Reference(s):
cgtn.com