PANews reported on April 20 that Xinhua News Agency quoted a commentary article in Belgium's L'Echo, "The World We Are In", saying that the so-called "reciprocal tariffs" of the United States are triggering a global crisis and putting the international rules system at risk of being deconstructed. The article focuses on criticizing the current "reciprocal tariff" policy of the United States, pointing out that it not only has an impact on major economies in the world, but also drags the least developed countries into an "absurd tariff war", which puts global economic and trade rules at risk of collapse.
The article believes that the US government's tough measures to reshape trade rules have led to the "disappearance" of the existing international economic and trade system and exacerbated the tension in international relations. Quadebash specifically mentioned that the US government's policy orientation focuses more on posture rather than rationality, and lacks clear strategic planning and effective solutions. In this context, it is particularly difficult to promote dozens of complex international negotiations, and the ability to handle related issues is questionable. He also warned that the US plan to impose tariffs on the pharmaceutical industry ignores the high complexity of the global supply chain and may cause greater economic turmoil. At the same time, the sharp fluctuations in the stock and bond markets have had a significant negative impact on the US domestic economy, and investor confidence has been hit, further exacerbating uncertainty in the financial market.
The article concludes that the current US tariff policy not only threatens the stability of international rules, but also has a serious impact on the world's most vulnerable economies. In this context, the international community should pay close attention to the spillover effects of this policy and explore possible countermeasures.
