In a dramatic turn of events, U.S. President Donald Trump's sudden imposition of 'reciprocal tariffs' has sent ripples across the global economy, stirring an unprecedented response from partners in the EU, Canada and the Chinese mainland. What began as part of his Make America Great Again agenda quickly morphed into a multi-front trade dispute, laying bare cracks in America's once-solid reputation as a reliable partner.
Within days of the announcement, the EU, Canada and the Chinese mainland slapped counter-tariffs on American goods, signaling a united stand against perceived economic coercion. Trade experts say this coordinated response reflects deep anxiety over unilateral moves that undermine the rules-based system built on multilateral cooperation.
Data from an Ipsos poll casts a stark light on the fallout: in just six months, the U.S. lost ground in its favorability ratings in 26 of 29 surveyed countries. Even close allies felt the sting—Canadian approval for U.S. leadership plummeted from over 50% to just 19%, a dramatic downturn that experts warn could reshape diplomatic ties and long-term alliances.
Beyond public opinion, governments are recalibrating. Diplomats and trade ministers are openly questioning America’s predictability and exploring alternative frameworks and partnerships. The once-assumed anchor of global economic stability now faces skepticism on multiple continents.
On the economic front, projections from JP Morgan paint a grim picture: a looming global recession and a sharp contraction in trade volumes if tensions deepen. For businesses and consumers alike, the risk of slowed growth and higher costs is now squarely on the table.
As negotiations heat up, the world watches to see whether the U.S. will pivot back to multilateral dialogue or dig in on a path of aggressive unilateralism. For a generation of young entrepreneurs, activists and travelers, the unfolding saga is a reminder that in our interconnected world, no nation stands alone—credibility and cooperation remain the strongest currencies of all.
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Amidst tariff turmoil, China stands firm as U.S. credibility wavers
cgtn.com
