国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Cross Currents

Tariffs deepen global trade uncertainty

US mounting pressure on nations to extract favorable terms, experts say

By YANG RAN | CHINA DAILY | Updated: 2025-07-21 09:08
Share
Share - WeChat
US President Donald Trump speaks at a dinner with Republican Senators, in the State Dining Room at the White House in Washington, DC, US, July 18, 2025. [Photo/Agencies]

The United States is increasingly wielding tariffs as a tool to reshape global trade and the geopolitical order, prioritizing an "America first" agenda at the expense of international economic interests, experts say.

US President Donald Trump has sent letters to more than 20 trading partners, notifying them of impending tariffs ranging from 20 to 50 percent, effective from Aug 1. He has also signaled plans to impose blanket tariffs on more than 150 smaller trade partners.

The letters warned that any retaliatory measures would trigger equivalent US countermeasures. However, they also hinted at possible adjustments — if the targeted countries open their domestic markets and eliminate trade barriers.

Experts say the administration's aggressive policies reflect dissatisfaction with the limited results of earlier negotiations on "reciprocal tariffs". With few deals secured, Washington is escalating pressure through unilateral action to force other countries back to the negotiating table and extract more favorable trade terms.

"This is classic Trump negotiation tactics — set deadlines, ratchet up pressure and signal higher costs for inaction," said Song Guoyou, deputy director of the Center for American Studies at Fudan University in Shanghai. "Such moves heighten urgency while deepening global trade uncertainty."

The tariff letters have also raised concern about the politicization of trade, citing non-trade-related justifications, such as judicial cases involving former Brazilian president Jair Bolsonaro and the fentanyl issue, as grounds for tariff hikes.

Sun Xihui, an associate research fellow at the National Institute of International Strategy, Chinese Academy of Social Sciences, said politicizing trade amounts to weaponizing economics, which will destabilize international relations. Such actions risk legitimizing tariffs as tools to meddle in other countries' domestic affairs, he said.

Song said Trump views tariffs as a tool to exert personal political power, expand US economic hegemony, and reshape the geopolitical landscape in favor of US interests.

Dan Steinbock, founder of the global consultancy Difference Group, echoed this view.

"What is less understood is the likely long-term effect of the Trump administration's unilateral tariffs, which is to undermine the rise of the Global South. These tariffs build on geopolitical objective — to restore US supremacy by any means possible. Hence, he attacks BRICS," he said, referring to Trump's threat of imposing an additional 10 percent tariff on any country aligning with what he called the "anti-American policies" of the BRICS bloc.

Except for the European Union and a few high-income countries, about three-fourths of Washington's tariff targets are emerging and developing economies — countries that make up the Global South, Steinbock said.

"By imposing unilateral tariffs on imports, the Trump administration will severely disrupt export-led growth, which has fueled global growth for decades, and shatter the development aspirations of emerging and developing economies."

Under the shadow of US tariff policies, the United Nations Conference on Trade and Development has cautioned that escalating trade tensions and persistent uncertainty are pushing the world economy toward recession.

In its Trade and Development Foresights 2025 report released in April, the agency projects global growth to slow to 2.3 percent this year, citing trade policy shocks, financial volatility and deepening uncertainty as key threats.

Established order

Song of Fudan University said the current tariff storm could stifle global trade, hinder economic growth and create financial instability, particularly in vulnerable economies. Washington's protectionist measures, including its withdrawal from international organizations and agreements and threats of sweeping tariffs, are undermining the established multilateral trade order, he added.

"Under multilateral trade principles, especially World Trade Organization rules, there would be established frameworks like reciprocity, most-favored-nation status, and preferential treatment for developing countries.

"But with Trump back in power, all these rules have been tossed aside. The arbitrary imposition of tariffs is purely unilateral."

Facing unpredictable US tariffs, countries are fast-tracking efforts to reduce reliance on US markets. Southeast Asian countries, for example, are deepening economic ties with the EU.

Recently, Indonesia and the EU reached a deal to advance their Comprehensive Economic Partnership Agreement, while Thailand and other countries are striving to reach free trade deals with the bloc.

Sun of the Chinese Academy of Social Sciences said that as the Trump administration continues to escalate its tariff policies, other countries have to reduce their trade volume with the US and seek alternative market options, especially when they are out of tolerance for Washington.

Song said: "Global trade is fundamentally about maximizing efficiency. More trade means better optimization. The US' protectionist tariffs might temporarily shrink trade deficits, but the long-term cost will be a less efficient US economy and higher operational burdens."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
阳山县| 商南县| 吴堡县| 洛扎县| 遵义县| 衡东县| 金坛市| 囊谦县| 红安县| 阳泉市| 托克逊县| 怀柔区| 武隆县| 海伦市| 昂仁县| 荆州市| 清苑县| 习水县| 濉溪县| 玛沁县| 泗洪县| 余庆县| 龙井市| 兴和县| 临桂县| 平泉县| 黑水县| 漠河县| 汨罗市| 彭阳县| 辉南县| 昭通市| 家居| 四会市| 同仁县| 扬州市| 衡南县| 清涧县| 汽车| 松江区| 分宜县|