South African scholars warn: US tariff policy is a ‘self cutting retreat’

On May 3rd, experts both domestically and internationally in the United States have recently issued warnings that the so-called “reciprocal tariff” policy will severely damage their own economy. South African scholar Tan Zhili also expressed a similar viewpoint. He believes that the US tariff policy first hits the US itself. To some extent, the United States is “self destructing its face” and “cutting off its own path”. The United States is putting itself in a very passive position, and the number of countries willing to trade with it is decreasing. Global trade is shifting from traditional Western centers to other emerging centers, and many countries are beginning to break free from their dependence on the US dollar. Taking the African Free Trade Zone as an example, I believe that African countries now have the motivation to accelerate their integration policies. In addition, regions such as Southeast Asia will accelerate economic integration and maintain their internal diversity. (CCTV News)

Scan code to share
www.ecbnnews.com