As global markets grapple with escalating trade tensions, experts caution that recent US tariff measures could destabilize the international economic order. Over the past two months, aggressive protectionist policies targeting key trading partners have raised alarms about the long-term viability of globalization.
Wan Zhe, a research fellow at Beijing Normal University's Belt and Road School, argues that these actions represent more than temporary trade disputes. "By weaponizing tariffs as negotiation tools," Wan writes, "the US risks dismantling decades of multilateral cooperation that enabled efficient global supply chains."
The ripple effects are particularly significant for Asia, where export-driven economies face disrupted manufacturing networks. Business analysts note that companies across the region are already reevaluating investment strategies, with some accelerating plans to diversify production bases.
While proponents claim protectionism safeguards domestic industries, critics warn of unintended consequences. "This approach violates core principles of fair competition," Wan emphasizes. "The short-term gains for specific sectors pale against systemic risks to global economic stability."
As APEC members prepare for upcoming trade discussions, the debate highlights growing tensions between national interests and international cooperation. For investors and policymakers alike, the coming months may prove critical in determining whether current strategies foster resilience or trigger broader economic fragmentation.
