As the U.S. extends its pause on reciprocal tariffs until August 1, global markets remain on edge over potential trade disruptions. Former Singaporean Foreign Minister George Yeo offered a measured perspective in a recent interview with CGTN anchor Xu Qinduo, framing current tensions as a test of confidence in globalization.
Yeo attributed recent U.S. tariff warnings to what he described as "a loss of self-confidence" within American leadership, suggesting protectionist measures reflect deeper insecurities about shifting economic power dynamics. "When you feel threatened, you build walls," he observed, drawing parallels to historical trade conflicts.
Despite acknowledging short-term market uncertainties, the seasoned diplomat emphasized the adaptive nature of global commerce: "Trade is like water – it will always find its way." His comments come as businesses worldwide develop alternative supply chains and payment mechanisms to circumvent tariff barriers.
Analysts suggest Yeo's outlook resonates particularly with Asian economies navigating the U.S.-China trade rivalry. The remarks highlight growing consensus among regional leaders that multilateral trade frameworks will ultimately prevail over unilateral measures.
