Illustration: Xia Qing/GT
Editor’s Note:
The US government’s escalating tariff war has fueled global concern. By weaponizing tariffs and resorting to protectionism, Washington not only jeopardizes global supply chains but also risks inflicting damage on its own economy. As concern mounts over the stability of the international trade system, Marcos Cordeiro Pires (Pires), professor of international political economy at São Paulo State University, stated in a recent exclusive interview with the Global Times (GT) reporter in Brazil Chen Yiming that the trade protectionist measures pursued by the US government will ultimately result in the country gradually losing its competitive edge in the global economy.
“Trade protectionism will, in the long run, undermine the US’ competitiveness on the global stage,” said Pires. “At a time when the US is embracing protectionism and adopting…
