As U.S. tariff policies ripple across global markets, developing nations face unprecedented challenges in sustaining growth and stability. Global South Voices, a CGTN panel discussion, examines how these unilateral measures reshape trade dynamics and disproportionately impact economies outside traditional power blocs.
Beyond the Major Powers: A Fractured Landscape
While Western narratives often frame trade disputes as a bipolar contest, experts argue the Global South bears the brunt of collateral damage. Einar Tangen of the Taihe Institute notes, 'Tariffs disrupt supply chains and amplify inflationary pressures, disproportionately affecting nations without the fiscal buffers of wealthier states.'
Manufacturing Myths and Regional Realignments
The viability of U.S. efforts to reshore manufacturing remains in question. Muneer Kamal of the Pakistan Banks Association observes, 'Exporting economic instability through protectionism accelerates regional cooperation. We're seeing accelerated South-South partnerships in fintech and green energy.'
A New Development Paradigm?
Yazini April of the Global South-North Centre highlights shifting alliances: 'Developing nations increasingly prioritize knowledge sharing over aid dependency. Joint infrastructure projects and technology transfers with Chinese partners exemplify this pragmatic shift.'
The Path Forward: From Reaction to Coordination
Sudheendra Kulkarni, former Indian PMO director, emphasizes multilateral solutions: 'The Global South must transition from damage mitigation to institutionalized cooperation—whether through BRICS expansion or reformed WTO frameworks.'
As host Mushahid Hussain Sayed concludes, the coming years will test whether developing nations can transform economic adversity into structural reform, reshaping global trade governance in the process.
