New U.S. tariffs on trading partners worldwide are raising alarms among economists and business leaders, with warnings of cascading risks for American firms and international markets. Speaking to CGTN in a recent interview, economist and former New Development Bank President Marcos Troyjo emphasized that protectionist policies could "backfire against U.S. interests," intensifying supply chain disruptions and consumer costs.
Troyjo highlighted Asia\u2019s pivotal role in global trade, noting that escalating tariffs may strain relationships with key partners in the region. "Trade wars rarely stay contained," he cautioned, pointing to potential ripple effects across industries such as tech, manufacturing, and agriculture. Analysts suggest Asian economies could accelerate regional trade agreements as a buffer against U.S.-driven volatility.
For investors, the uncertainty underscores the need for agile strategies, while academics warn of long-term geopolitical shifts. Meanwhile, Asian diaspora communities and travelers may face indirect impacts through fluctuating currency rates and delayed infrastructure projects linked to strained international cooperation.
