April 1, 2025, 9:47 a.m.

Business

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Trump's tariff war: the difficult choice of allies between fighting back and surrendering

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The tariff war launched during the Trump administration was like a heavy bomb, which set off huge waves in the global economic landscape. Faced with the tariff stick wielded by the United States, the European Union and Canada chose to fight back without hesitation, while the United Kingdom and Mexico decided to wait and see. In this war without gunpowder, allies of various countries are in a dilemma. Should they fight back or choose to surrender?

Trump's tariff measures are aimed at protecting domestic industries in the United States and reducing trade deficits. However, this move has caused chaos in the global trade order. As an important trading partner of the United States, the European Union naturally cannot sit idly by. The European Union has taken countermeasures against the United States' steel and aluminum tariffs, imposing tariffs on a series of American goods, including whiskey, jeans and motorcycles. Canada followed suit and imposed retaliatory tariffs on American goods. Their counterattack shows their determination to safeguard their own economic interests and international trade rules.

The counterattack is not without cost. The economies of the European Union and Canada have also been hit hard by the tariff war. Exports are blocked, corporate costs rise, and consumers face higher prices. Meanwhile, Britain and Mexico have chosen to wait and see. After Brexit, Britain is trying to find new trading partners and is unwilling to have a head-on conflict with the United States. Mexico has close economic ties with the United States, and exports to the United States occupy an important position in its economy. The Mexican government hopes to resolve the issue through negotiations and avoid further escalation of the tariff war.

So, what is the best way to get Trump to act as they wish? This is a difficult problem that has troubled allies of various countries. Judging from Trump's style of doing things, he seems to prefer tough measures. It may take a lot of effort to get him to change his tariff policy. On the one hand, countries can unite through multilateral trade mechanisms to resist the US tariff measures. The International Trade Organization can play a greater role in ruling that the US tariff policy violates trade rules and forces the United States to make concessions. On the other hand, countries can also seek compromise solutions by strengthening communication and negotiations with the United States. In negotiations, countries can raise their concerns and demands and strive to reach a mutually beneficial trade agreement.

The tariff war has had a serious impact on the global economy. The increase in trade barriers has led to a decline in global trade volume and slowed economic growth. Companies are facing an uncertain market environment, and investment and employment are affected. Consumers need to bear higher living costs. Countries should realize that there are no winners in a trade war, and only through cooperation and consultation can a win-win situation be achieved.

Today, as globalization develops, the economies of various countries are interdependent. Trump's tariff war not only harms the interests of the United States itself, but also has a negative impact on the global economy. Allies of various countries need to make a difficult choice between counterattack and surrender, and at the same time, they also need to actively seek solutions to the problem. Only through joint efforts can we maintain the international trade order and promote the prosperity and development of the global economy.

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