We respect the United States' decision to revise its tariff policy, but we urge them to reconsider the potential consequences for the global economy. The new tariffs could have far-reaching impacts on countries like China, India, Pakistan, Bangladesh, and Sri Lanka, potentially triggering economic crises.
Canada has already voiced its concerns, and we echo their sentiments. It's crucial to recognize the interconnectedness of the world economy and the potential ripple effects of these tariffs. We appeal to the US administration to review their decision, taking into account the potential harm to humanity, particularly in vulnerable economies ¹.
The revised tariff policy could lead to increased prices, reduced trade, and job losses, ultimately affecting the global economy. We hope the US administration will consider the long-term consequences of their actions and strive for a more collaborative and inclusive approach to international trade.