Cao Xiaolin

On April 2, the United States announced it would implement “reciprocal tariffs” on its trading partners, including a 34 percent tariff on China and rates ranging from 10 to 39 percent on Arab countries like Qatar, Saudi Arabia, Jordan, and Iraq.

The move triggered widespread discontent both around the world and within the US. The so-called “reciprocal tariffs” are unlikely to achieve the stated goal of “rebalancing trade”. Instead, they risk pushing the US economy – and potentially the global economy – into recession.

The imposition of “reciprocal tariffs” by the US poses a serious challenge to the existing international trade and economic order. The US claimed it had suffered losses in international trade and was using “reciprocity” as a justification to........

© The Frontier Post