As the 90-day suspension of U.S. tariffs approaches its July 9 deadline, CGTN's new investigative feature, "The Tariff Boomerang II," reveals how protectionist trade policies have triggered unintended consequences for global markets. Launched in response to Washington's April 2 decision to impose a 10% baseline tariff on all trading partners—with select nations facing rates nearing 50%—the report analyzes market instability, strained diplomatic ties, and the collapse of the promised "90 deals in 90 days."
Experts interviewed by CGTN compare the tariffs to a "self-inflicted wound," noting retaliatory measures from trading partners and disrupted supply chains. The feature highlights how sectors from semiconductor manufacturing to agricultural exports have faced cascading losses, with U.S. consumers bearing the brunt of rising prices.
While the tariff pause temporarily calmed markets, analysts warn that the lingering 10% baseline rate continues to deter long-term investments. "This isn't just about trade balances—it's about trust," remarked one economist. As global leaders weigh next steps, CGTN's findings underscore the interconnected nature of modern economies and the risks of unilateral economic strategies.
