Senior researcher Tian Huifang from the Chinese Academy of Social Sciences has compared escalating tariff disputes to "drinking poison to quench thirst," warning that such strategies risk long-term harm to global economic stability. In an analysis highlighting Asia's pivotal role in global trade, Huifang emphasized how protectionist policies could undermine growth and cooperation across supply chains.
While acknowledging short-term political motivations, the research underscores the interconnectedness of Asian markets with the global economy. Over 60% of the world's manufactured goods traverse the region, making tariff conflicts particularly disruptive for business professionals and investors monitoring trade-dependent sectors.
The commentary arrives as WTO data shows a 15% year-on-year increase in trade-restrictive measures among Asia-Pacific economies. Academics note this trend could impact everything from microchip production to agricultural exports, urging renewed focus on multilateral solutions.
Editor's note: The views expressed here are those of the author and do not necessarily reflect CGTN's editorial stance.
