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Experts from many countries warn that the U.S. tariff policy may reap its own consequences
Gate.io News bot, according to CCTV News, people from many countries recently said that the abuse of tariff policy by the United States will not only affect its own economic development, but also have an impact on the global trade order, and the ultimate victim will be the United States itself.
Khalid, former Saudi commercial counselor to China, pointed out that this policy will directly lead to rising domestic prices in the United States and have an inevitable negative impact on the financial market. He stressed that such an approach would lead to instability in trade relations and international relations, as international trade is closely linked to countries, and the situation will be further exacerbated if the tariff war continues.
Virovac, senior economist at ING Hungary, said that throughout world history, trade closures and protectionism have never brought any improvement or progress to the global economy.