U.S. President Donald Trump shows an executive order on "reciprocal tariffs" in the Rose Garden at the White House in Washington, April 2, 2025. [Photo/Xinhua]
As U.S. President Donald Trump signed an executive order imposing so-called "reciprocal tariffs" targeting certain trading partners, including China, international experts warned of the broader consequences of such protectionist and unilateral trade policies. Amid growing global uncertainty, these experts underscored China's economic resilience and commitment to multilateralism.
Carl Fey, a professor of strategy at BI Norwegian Business School, called the tariffs imposed by the U.S. government "a lose-lose-lose situation," saying "they hurt the U.S., they hurt China and they hurt the rest of the world."
Fey argued that instead of fostering competitiveness, tariffs pressure businesses to restructure supply chains in inefficient ways, pushing countries to produce locally rather than in regions that hold comparative advantages. He added that the tariffs imposed by the U.S. government mean the "world will accomplish less as a whole."
The Chinese government also issued a statement opposing U.S. abuse of tariffs, pointing out that under the guise of pursuing "reciprocity" and "fairness," the U.S. is engaging in zero-sum games and, in essence, seeking "America First" and "American exceptionalism," which subverts the existing international economic and trade order.
The reciprocal tariffs will also have multiple repercussions on U.S. households and the broader economy. A recent Yale University study projected that if trading partners retaliate, U.S. personal consumption expenditures (PCE) prices will rise by 2.1%, equivalent to a loss of $2,700 to $3,400 per household on average. The study also predicted a 1-percentage-point decline in U.S. real GDP growth in 2025.
While global trade is being tested by rising unilateralism and protectionism, experts remained optimistic about China's economic resilience and long-term potential. Denis Depoux, global managing director at Germany-based consultancy Roland Berger, dismissed notions of an "economic collapse" in China, citing the country's strong economic value and technological advancements.
Depoux highlighted China's evolution from a manufacturing hub to a global technological player. "China has invested heavily in R&D, and while its companies are still focused largely on the domestic market, the next step is for them to expand globally," he said.
He proposed a shift from a "Made in China" to a "Designed in China" model. With Chinese companies gaining international recognition, Depoux encouraged them to focus more on investing overseas and cooperating with local markets to become true multinational players.
Depoux also noted that China's tech-savvy, innovation-driven consumers and businesses make it an increasingly attractive destination for foreign companies, particularly those seeking to explore tech-driven opportunities.
Though concerned about the threat that tariffs and restrictive trade policies pose to global supply chains, Depoux remains confident in the future of globalization, albeit in a new form.
"Efficient global supply chains, driven by comparative advantages, create prosperity," he said. "Protectionism only hampers this process. We need to fend it off."
Guy Ryder, U.N. under-secretary-general for policy, echoed these sentiments. He warned of rising risks of fragmentation in global supply chains, yet reaffirmed confidence in the principles of open trade.
"Fortunately, many international organizations oppose policies like those of U.S. President Donald Trump," Ryder said. "I don't believe the system of open trade is over."
Ryder praised China's consistent support for multilateralism. "No country — not even the largest — can solve today's global problems alone," he said. "In these challenging times, China's commitment to multilateralism is especially important."
中国春节跨境游回暖：免签效应强，入境消费火 中新社北京2月18日电 (记者 夏宾)“双向奔赴”的跨境旅游在中国春节假期回暖。 随着中国对多个国家单方面免签证，与新加坡、马来西亚互免签证，推出一系列入境游便利 新华社记者王自宸、宋立崑、侯文坤受大范围低温雨雪冰冻天气影响，至22日5时，湖北省绝大部分市县出现1至9厘米积雪。湖北省应急部门于22日10时将低温雨雪冰冻灾害应急响应由四级提升至三级。湖北各地各 各地开启龙年“抢人” 企业所求不止于短期用工 2024年刚刚“开局”，各地便已开始为复工“冲刺”。无论在沿海地区还是内陆城市，“抢人大战”热战正酣，专车接送、食宿全包......各地大招频出，力争在招工上“先人 加强知识产权法治保障 推动发展新质生产力 国务院新闻办公室22日举行新闻发布会，介绍国家层面知识产权案件上诉审理机制运行有关情况。截至2023年12月31日，最高人民法院知识产权法庭共受理案件18924件，审结15710 中新经纬2月22日电 据国家市场监督管理总局网站消息，自新国标发布实施后，婴幼儿配方乳粉(以下称婴配乳粉)产品配方按新国标注册攻坚工作进展顺利，截至目前，共计1127个配方通过注册。 市场监管总局表示，婴幼儿配方食 多家钛白粉企业再度宣布涨价 2月22日，钛白粉企业金浦钛业发布公告宣布涨价，金浦钛业表示，自2月22日起，公司锐钛型钛白粉销售价格上调800元/吨，对国际各类客户上调110美元/吨；金红石型钛白粉销售价格上调600元/吨，对国 。本文链接：International experts warn of trade war fallout, cite China's resiliencehttp://www.sushuapos.com/show-5-52956-0.html
声明：本网站为非营利性网站，本网页内容由互联网博主自发贡献，不代表本站观点，本站不承担任何法律责任。天上不会到馅饼，请大家谨防诈骗！若有侵权等问题请及时与本网联系，我们将在第一时间删除处理。
上一篇： GLOBALink | Chinese-invested expressway source of technology, skill transfers to Cambodian employees
下一篇： China will resolutely take countermeasures if U.S. escalates tariff measures: commerce ministry