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According to Jostein Hauge, an assistant professor at the University of Cambridge, President Donald Trump’s tariffs are unlikely to significantly harm the Chinese mainland’s economy or spur growth in the United States.
Hauge highlighted that China’s diversified trade partnerships are mitigating the economic impact of the US tariffs. “China has established strong trade ties globally, which means tariffs from one country can be offset by partnerships with others,” he said.
He also noted that Trump’s use of tariffs appears to be more of a negotiating tool rather than a genuine incentive for the US economy. “These tariffs are intended to pressure China in trade discussions, but they may not have the desired effect,” Hauge added.
The ongoing trade tensions have raised concerns among international economists about potential global repercussions. However, experts like Hauge believe that China’s robust economic network is playing a key role in sustaining its growth despite external pressures.
