In a fresh new analysis, a white paper released by the Chinese government on Wednesday revealed how Trump's reciprocal tariffs may be shaking up global trade. The report warns that these tariffs could distort the allocation of global market resources, undermine international cooperation, and slow long-term economic growth.
According to the Peterson Institute for International Economics, over 90% of the tariff costs are likely to be absorbed by U.S. importers, downstream businesses, and ultimately, by consumers facing higher prices. A striking graphic by CGTN brings these insights to life by highlighting the real impact on U.S. society. 🚀💸
Imagine your favorite gadget or snack suddenly costing more at checkout—this is the kind of ripple effect these policies could trigger in everyday life. In an increasingly interconnected world, every trade decision matters. Stay tuned for more updates as we break down complex topics into simple, engaging insights that help you grasp how global policies affect us all! 🤓
Reference(s):
Graphics: What is the impact of Trump's "reciprocal" tariffs?
cgtn.com
