TechFlow, April 18 — According to Jinshi Data, multiple international figures recently stated that the U.S. policy of imposing excessive tariffs will not only affect its own economy but also shock global trade. The biggest victim of America's tariff policy will ultimately be the United States itself. Khaled, former Saudi commercial counselor to China, said that for the U.S. economy, this will directly and unavoidably lead to rising prices and financial market instability. At the same time, it will have a significant global impact as international trade connects countries worldwide, leading to turbulence in both trade and international relations. If the tariff war continues, the situation will worsen. Verovacz, senior economist at ING Hungary, said there has never been a case in world history where economic closure and protectionism brought improvement or progress to the global economy.
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