The imposition of steel and aluminum tariffs by the Trump administration has prompted U.S. trading partners in the Global South to explore more reliable and diversified alternatives. As trade flows within the region continue to expand, there is substantial potential for further economic growth and cooperation.
Experts are examining ways in which the Global South can unite to counteract the economic pressures imposed by U.S. tariffs. The goal is to minimize the long-term impacts and foster a more resilient and integrated regional economy.
In a recent episode of BizTalk, CGTN’s Zheng Junfeng engaged in a discussion with notable economists Luciano Campos from the University of Buenos Aires and Numera Analytics, Fernando Brancoli from the Federal University of Rio de Janeiro, and Marcos Cordeiro Pires from UNESP. The conversation delved into strategies for enhancing trade cooperation, identifying new markets, and leveraging regional strengths to mitigate the effects of U.S. economic policies.
The panel emphasized the importance of collaboration among Global South nations to create a unified front that can negotiate better trade terms and reduce dependence on U.S. markets. By strengthening intra-regional trade and investment, these countries aim to build a more sustainable and independent economic framework.
As the Global South continues to navigate the challenges posed by external tariffs, the insights shared by these experts provide valuable guidance on fostering economic solidarity and pursuing growth opportunities within the region.
Reference(s):
cgtn.com
