In a recent discussion with CGTN, Professor Zheng Yongnian, dean of the School of Public Policy at the Chinese University of Hong Kong (Shenzhen campus), stated that there is no significant difference between 60 percent and 500 percent tariffs. His remark challenges the notion that ramping up tariffs would dramatically shift global trade dynamics.
The professor emphasized that over eight years of trade conflicts have only solidified China's economic resilience. According to his analysis, even extreme tariff measures might not lead to substantial changes in economic outcomes because robust economic structures can absorb external pressures.
This perspective provides valuable insight for globally minded business professionals, tech enthusiasts, and policy influencers. It reinforces the idea that in an interconnected world, economies with deep-rooted resilience are better positioned to navigate complex international trade issues.
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500% tariffs will make no substantive difference: Renowned professor
cgtn.com
