U.S. tariffs draw global backlash over economic harm

The United States' tariff measures have drawn widespread opposition from the international community, with word leaders and experts criticizing these U.S. actions as harming both its own and global economies.

The European Union (EU) expressed deep concerns on Sunday over the imposition of U.S. tariff , calling it harmful to countries around the world, including the poorest countries.

Reuters reported on the same day that the EU plans to implement countermeasures against 28 billion U.S. dollars' worth of U.S. imported goods.

Italian Prime Minister Giorgia Meloni stated on Sunday that Italy disagrees with U.S. tariff decisions and will take all necessary measures to respond.

On the same day, Greek Prime Minister Kyriakos Mitsotakis said U.S. tariff measures have brought new uncertainties to the global economy.

It is certain that no one can benefit from a trade war, he noted.

Japanese Prime Minister Shigeru Ishiba reiterated on Monday that Japan will take all possible measures to respond to U.S. tariffs.

Japan's Chief Cabinet Secretary Yoshimasa Hayashi earlier expressed deep regret over the U.S. actions and highlighted their significant impact on the global economy and the global multilateral trading system.

Meanwhile, international media reported that the U.S. trade policy harms others without benefiting itself.

An editorial in the French newspaper Le Monde described U.S. tariff measures as shocking. This confrontational trade approach creates economic uncertainty.

According to reports in the U.S. media, in response to the tariffs, American retailers may need to increase prices of everyday goods by 10 percent to 12 percent.

The reports also mentioned that an analysis by the budget lab at Yale University previously suggested that U.S. tariff measures would exacerbate inflation in the country, leading to a loss of 3,800 U.S. dollars per average American household.

Goldman Sachs, the American multinational investment bank and financial services company, has raised the likelihood of a U.S. recession to 45 percent, as indicated in a report released on Sunday. The report highlighted that U.S. tariff measures will impact the American economy and drive up inflation.

Swiss banking giant UBS recently stated that U.S. tariff measures will significantly hinder its economic growth. It forecasted that the country's GDP growth for this year will be below one percent, with a possibility of a recession occurring within the year.

The market panic triggered by U.S. tariff measures continues to weigh on investor sentiment. On Sunday evening, as trading for the new week began, the major stock index futures in the New York market extended their sharp decline. Asian stock markets also fell broadly on Monday.

U.S. tariffs draw global backlash over economic harm

U.S. tariffs draw global backlash over economic harm

U.S. tariffs draw global backlash over economic harm

China's top diplomat Wang Yi said on Friday that one of the top priorities at present is to contain the spread of the conflict and prevent further involvement of other countries.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, made the remarks in a phone conversation with Emmanuel Bonne, diplomatic adviser to the French president, at the latter's request.

Wang elaborated on China's position, saying that the current situation in the Middle East is still deteriorating, with the conflict continuing to spread. This has not only undermined the stability of global energy supply but also led to a severe humanitarian crisis.

Resorting to force will not solve the problem, and an unjust war should not be allowed to continue, he said.

In the face of the critical situation, China and France, as permanent members of the UN Security Council, should strengthen strategic communication and coordination, firmly uphold the UN Charter and international law, and prevent the world from regressing to the "law of the jungle," Wang said.

He added that the other two top priorities are for the international community to speak with one voice in calling for an immediate ceasefire and to intensify efforts to advance peace talks, and for the United Nations and the UN Security Council to play their due role in facilitating the early restoration of peace and stability in the region.

Despite the difficulties, dialogue and negotiation remain the right path out of the crisis, Wang said, adding that China and France should work together toward this end.

For his part, Bonne shared his perspectives on the current situation in the Middle East, including developments in Iran and Lebanon.

He said that France and China, as major countries, both support the United Nations, abide by international law, and advocate resolving differences through dialogue.

He said that the two countries should work together to explore solutions and contribute to easing tensions and resuming negotiations.

France is willing to enhance communication and cooperation with China to push for the early achievement of peace and stability in the Middle East, he added.

China's top diplomat urges efforts to prevent escalation in Mideast conflict