Experts are raising alarms over the possibility of a global trade war as President Donald Trump threatens to impose hefty tariffs on some of the United States’ top trading partners. The proposed tariffs aim to protect American industries but could have far-reaching consequences for the global economy.
Countries affected by these tariffs may retaliate with their own trade barriers, leading to increased tensions and instability in international markets. Such actions could disrupt supply chains, raise prices for consumers, and slow down economic growth worldwide.
Younger generations in the Global South are particularly concerned, as their economies are closely linked to international trade. A trade war could limit opportunities for growth, employment, and technological advancement in developing nations.
As the situation unfolds, many are watching to see if diplomatic solutions can be reached to prevent an escalation that would affect nations across the globe.
Reference(s):
cgtn.com
