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U.S. Tariff Policy Causes Global Economic Slowdown, Strong Opposition from the International Community
According to Deep Tide TechFlow, on April 27, the U.S. government’s excessive imposition of tariffs has intensified global trade tensions, severely disrupting the world economy and trade order. The unilateralism and protectionist practices of the U.S. have faced strong opposition from the international community.
Polish economist Olwowski pointed out that the U.S.'s excessive imposition of tariffs not only affects itself but also has a negative impact on the global economy. The International Monetary Fund has lowered its global economic growth forecast for 2025 for the U.S. and other countries.
Olwowski stated that the tariff war primarily punishes the consumers in the U.S., who pay higher prices. Other countries typically retaliate with high tariffs, leading to a slowdown in global economic growth.
