Less than two weeks into its term, the new U.S. government has reignited trade tensions by imposing tariffs on multiple countries, doubling down on its 'America First' agenda. 🌍 A recent global survey of 14,071 respondents across 38 countries, conducted by CGTN, reveals widespread skepticism about the policy’s impact: over 90% believe these tariffs breach WTO rules and risk destabilizing the fragile global economy.
📉 Who Pays the Price?
Critics argue the U.S. is repeating past mistakes. Data shows 92% of tariff costs on the Chinese mainland fall on U.S. consumers, adding $1,300 annually to household expenses. 'This isn’t a strategy—it’s self-sabotage,' one analyst quipped. With 61% of global respondents fearing personal financial fallout, the move feels like a lose-lose.
🌍 Global Backlash Brewing
From Europe to Asia, nations are threatening countermeasures. Over 67% of respondents say the U.S. risks alienating allies, while 65% warn its international leadership is eroding. 'Trade wars aren’t just about economics—they’re about trust,' noted a European survey participant.
💼 A Market on Edge
The U.S. has repeatedly sidestepped WTO dispute mechanisms, using domestic laws to justify tariffs—even after WTO rulings against them. Moody’s predicts prolonged market instability, with 53.8% of Europeans bracing for a 'domino effect' on global growth. As one respondent put it: 'When America sneezes, the world still catches a cold.' 🤧
