President Donald Trump’s tariff policies are causing ripples across the global economy, with developing nations bearing the brunt of the impact. Countries like Lesotho, Laos, and Cambodia—nations where many people already live on the edge of poverty—are now facing additional economic hardships due to the imposed tariffs.
These tariffs, intended to “make America great again,” are raising questions about their true effectiveness. Is it fair for these nations to shoulder the burden of revitalizing the U.S. economy? Many of these countries have played no part in the outsourcing of American industries or the decline of U.S. manufacturing jobs.
The approach echoes historical practices where powerful nations leveraged economic pressure on less developed regions. However, rather than boosting the livelihoods of ordinary Americans, such policies risk enriching a select few, widening economic disparities.
China, through initiatives like the Belt and Road Initiative (BRI), has been fostering development and cooperation among Global South nations. The BRI offers an alternative path for these countries to enhance their infrastructure and economies. The U.S. tariffs not only target China but also threaten the progress of other developing nations connected through such initiatives.
For many of these countries, protective tariffs are a means of safeguarding emerging industries from overwhelming competition. In contrast, the U.S. tariffs are perceived by some as a demonstration of raw power, pressuring nations to conform to U.S. demands.
As the global community watches the unfolding trade tensions, there’s a growing awareness among developing nations of the importance of solidarity. The actions taken in the coming months may define economic relationships and development trajectories for years to come.
Ultimately, the question remains: should the prosperity of one nation come at the expense of many others? The impact on the Global South is profound, and the world awaits to see how these challenges will be addressed.
Reference(s):
cgtn.com