U.S. President Donald Trump has threatened to impose additional 50% tariffs on Chinese imports, marking a bold move that could reshape global trade. In response, China has vowed to take resolute countermeasures to safeguard its rights and interests, a stance that has experts on alert.
Speaking from Beijing on CGTN, Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics, warned that Washington's actions might lead to an effective tariff rate of over 120% on Chinese products. This sharp increase could set off a trade decoupling between the U.S. and China—an outcome with potential ripple effects across global supply chains, from tech gadgets to everyday consumer electronics that many young professionals in South and Southeast Asia rely on.
As these trade tensions spark debates and concerns, it reminds us of our increasingly interconnected markets. Keep an eye on how these shifts might impact tech innovations and lifestyle trends around the globe. Stay tuned for more updates! 🔍💡
Reference(s):
Expert warns of China-U.S. trade decoupling if Trump's tariffs kick in
cgtn.com
