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."
公安部：开展整治“飙车炸街”专项行动，去年查处案件7.4万起 中新网1月11日电 据公安部网站消息，2023年，全国公安交管部门持续强化违法犯罪打击整治和问题隐患治理，不断深化便民利企改革，推动公安交管服务迈上新台阶 多地多部门走访逾80家深市公司 集中“会诊”破解发展难题 本报记者 田 鹏 在部署走访上市公司工作、推动上市公司高质量发展全国视频会议1月29日召开后，多地紧锣密鼓组织专班调研走访上市公司，深交所作为证券 中新经纬2月18日电 2024年1月，中国上市公司迎来辞旧迎新的阶段。回顾往年，年度业绩报告及年终活动吸引眼球；展望新年，企业趁势推出龙年产品和新春活动促活市场。东方甄选余热不减、位列品牌热榜前十，董宇辉相关议题继 傅园慧称在长白山包车被勒索 当地交通部门：正按流程处理 中新网北京2月17日电(记者 刘星晨)17日，游泳世界冠军傅园慧通过社交平台发布求助帖称，她在吉林长白山包车出行时遭遇勒索，询问网友是否需要报警。 图片 共建“一带一路”倡议提出十年来，从亚欧大陆扩展至全球，为许多人带去了更好的发展机遇。与此同时，在某些西方媒体的宣传中，“债务陷阱”等阴谋论字眼却甚嚣尘上。中国日报起底工作室针对这一说法 新华社济南2月22日电（记者陈国峰、张钟仁）连日来，山东多地迎来大风降温和雨雪天气。21日，受降雪影响，济南西站部分列车降速运行，出现晚点情况。售票大厅内，记者看到“晚点停运车次退票”窗口前排起长龙。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