U.S. trade tensions are rising as U.S. President Donald Trump threatens to impose an additional 50% tariff on Chinese imports. In response, officials from the Chinese mainland have stated they will resolutely take countermeasures to safeguard their rights and interests.
In a recent discussion, CGTN's Chen Yuan spoke with Tu Xinquan, dean of the China Institute for WTO Studies at the University of International Business and Economics. The expert warned that if the tariffs take effect, the effective duty on imports from the Chinese mainland could exceed 120%, potentially paving the way for an economic decoupling between the two giants.
This scenario could lead to significant disruptions for global trade, with businesses possibly seeking alternative supply chains and markets adjusting to sudden shifts in cost. Such drastic changes underscore the fragile nature of international economic relations and the need for proactive dialogue among global leaders.
As policymakers and industry stakeholders assess the potential fallout, experts stress that maintaining open and balanced trade remains essential to support sustained global economic growth and stability.
Reference(s):
Expert warns of China-U.S. trade decoupling if Trump's tariffs kick in
cgtn.com
