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Comicomment丨Pain, not gain: How the U.S. tariff stunt hurts itself

2024-08-22 00:36:30Ecns.cn Editor : Gu Liping ECNS App Download

(ECNS)--The U.S. Trade Representative's Office postponed the implementation of the new additional tariffs on China. Judging from the opinions submitted by hundreds of U.S. companies and trade groups, the majority oppose this move. The U.S.' politicization of trade issues will only significantly raise the cost of imported goods, forcing American businesses and consumers to bear more losses.

For a long time, the U.S. has been using its hegemony to prioritize its own interests over the international trade order, provoking widespread opposition. With repeated self-destructive tariff hikes, the U.S. will ultimately reap the consequences of its own actions

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