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."
中新经纬1月11日电 (林琬斯)近日，有传闻称资生堂中国裁员40%。11日，资生堂中国回应中新经纬称，相关传言与事实不符。 资生堂中国表示，资生堂中国于2024年开始实施新的品牌组合战略以夯实业务基础。相应地，内部也正 锦绣中国年 | 天津重点监测商贸企业春节假期销售额同比增11.2% 中新网天津2月18日电 (记者 王君妍 通讯员 王 张欣悦)今年春节假期为期8天，是一个“超级假期”，消费市场火爆程度也尤盛往日。记者从天津市商务局 美国国务卿布林肯近日在参加慕安会时说的一句话，可以被解读的空间很大，也值得深入解读一下。他在回答主持人关于“美中紧张局势正在导致更大的分裂”提问时引用了一句美国俚语，称在国际体系当中，“如 “新年刚过，我已经买好了十一旅游的机票” 中新网北京2月23日电(张钰惠)在年初就买好全年的旅行机票，是一种怎样的体验？近日，三亚、哈尔滨等网红城市的天价返程机票引发关注。为了最大程度上避开高价机票，压缩旅 贵州毕节：蓄势赋能谋发展 高质量推进新型工业化 中新网贵州毕节2月22日电 题：贵州毕节：蓄势赋能谋发展 高质量推进新型工业化 作者 高大涛 陈曦 中国龙年春节假期，贵州省毕节市黔西市新仁乡化屋村游人如织。 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
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