Back in April, the United States shook global markets by launching a tariff war, imposing a 10% baseline tariff on all countries and even steeper “reciprocal tariffs” on select partners—some nearing 50%. The sudden move sparked uncertainty worldwide, leading to market turmoil and strained international relations.
In an attempt to ease tensions, Washington suspended most of these tariffs for 90 days, keeping the baseline rate until July 9. As that 90-day pause comes to an end, the promised “90 deals in 90 days” have not materialized. Instead, the economic damage and diplomatic rifts have already taken a toll.
Recognizing the far-reaching consequences of these policies, CGTN is launching a special feature titled “The Tariff Boomerang II.” This series delves into the aftermath of the U.S. tariffs, exploring how a strategy intended to bolster domestic interests has backfired, affecting economies around the world—including those in the Global South.
Through in-depth analysis and on-the-ground reporting, “The Tariff Boomerang II” reveals the ripple effects of the tariff war, from disrupted supply chains to rising consumer prices. It sheds light on why policies meant to deliver a knockout punch have instead circled back like an economic boomerang, impacting everyone along the way.
As young people shaping the future, understanding these global economic shifts is more important than ever. Stay tuned to CGTN’s special feature to get the full story on how these developments affect us all.
