The U.S. has reignited debates over trade policy with renewed tariff threats, but experts warn this approach risks backfiring. Amitav Acharya, a professor at American University, cautions that repeated tariff warnings risk becoming background noise in global markets. \"When threats lose their edge, they become an economic placebo,\" he says.
Data from the World Trade Organization shows cross-border trade disputes surged by 18% in 2023 alone. Analysts fear U.S. tariff overreach could disrupt tech supply chains, raise consumer prices worldwide, and strain diplomatic ties – particularly within G20 nations.
Young entrepreneurs and investors are watching closely: Over 60% of startups in Asia and Europe report tariff uncertainty impacting expansion plans. Meanwhile, sustainability advocates warn fragmented trade policies could slow progress on renewable energy partnerships.
Reference(s):
Tariff overuse: Trump's gamble and the global butterfly effect
cgtn.com
