The United States' abuse of tariffs has drawn oppositions from European countries.
In a commentary published on Belgian Economic and Financial daily newspaper L'Echo, the media outlets' deputy editor-in-chief Serge Quoidbach blasted that the U.S.'s so-called "reciprocal tariffs" are causing a global crisis and posing a risk of deconstruction to the international rule-based system.
The commentary said as the rationale of U.S. government's tariff policy is to reshape trade through violent means, this has wiped out the current international trade rules.
The United States is dragging those least developed countries into an "absurd tariff war", and these most vulnerable groups will become the biggest victims, Quoidbach emphasized.
In addition, wild fluctuations in the U.S. stock market have caused damage to a large number of American citizens who hold stocks; and the country's bond market has also been hit hard, as the soaring trend of U.S. bond yields not only endangers the real economy, but also reflects the severe panic state of the U.S. financial sector, according to the commentary.
A report released by German Economic Institute (IW) on Thursday analyzed the potential fallout from the "reciprocal tariffs" announced by U.S. President Donald Trump on April 2, which would impose an additional 20 percent duty on imports from the European Union (EU).
According to the IW, Germany's direct losses from these measures could reach 200 billion euros, or 1.2 percent of its GDP annually by 2028. With retaliatory responses factored in, total damage may rise to 290 billion euros.
The EU as a whole could face cumulative losses of up to 1.1 trillion euros by 2028, the report estimated.
The report also said that the so-called "reciprocal tariffs" of the United States have brought the risk of a global trade war and posed a serious threat to the global investment environment, which not only violates the relevant rules of the World Trade Organization, but also lacks scientific basis in its calculation methods.
It called on the European Union to take forceful countermeasures against the United States.
US tariffs abuse draws criticisms from Europe
US tariffs abuse draws criticisms from Europe
The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) is emerging as a key engine for China's fast-growing low-altitude economy by leveraging its dense industrial networks, efficient logistics systems, and rapid innovation capacity.
From logistics and manufacturing to urban services, the region is building an integrated industrial chain that allows low-altitude industries to scale up at unprecedented speed, thus turning drone-based applications from isolated trials into large-scale, commercial operations.
China's 15th Five-Year Plan, covering 2026 to 2030, calls for the cultivation of new pillar industries and the accelerated development of strategic emerging industrial clusters, including the low-altitude economy.
At a drone operations center in Bao'an District, Shenzhen City in south China's Guangdong Province, a dozen logistics drones take off and land within minutes. Urgently needed production parts, documents, and small parcels are dispatched from here to cities in the province including Dongguan, Zhongshan, and Zhuhai.
Behind these high-flying aircraft lies what observers describe as an "invisible industrial chain", built on speed and efficiency.
"Look at this aircraft. About 90 percent of its components come from nearby areas. Relying on Shenzhen's strong logistics capabilities and its complete supply chain, these parts can be delivered to our factory within half an hour for assembly, processing, and production," said Li Kunhuang, person-in-charge of Shenzhen GODO Innovation Technology Co., Ltd.
Once a new product is unveiled, testing and calibration begin immediately at the drone testing field. As soon as the process is completed, the new models can be put into real-world operation, realizing almost “zero delay” from research and development to application.
Supported by a robust industrial chain, low-altitude routes in Shenzhen are effectively connecting the urban landscape. From its Bao'an District to Songshan Lake in Dongguan City, production components can be delivered within one hour. Supplies are transported between Zhuhai City's Xiangzhou Port to Dong'ao Island in just 25 minutes. And light industrial goods can travel round-trip within a single day between Guzhen Town in Zhongshan City and Xinhui District in Jiangmen City.
More low-altitude application scenarios are expected to be implemented in the near future.
In Qianhai District, Shenzhen is accelerating the construction of a pilot demonstration zone of low-altitude integrated three-dimensional transportation hub.
"We have built the country's first low-altitude integrated three-dimensional transportation hub, and are gradually developing a pilot flight zone that integrates multiple scenarios such as inspection, logistics, and cultural tourism. This will provide technical support for the next step of commercializing cross-border logistics and emergency rescue services across the Guangdong–Hong Kong–Macao Greater Bay Area," said Wu Xuemin, head of the Shenzhen Qianhai Low-Altitude Integrated Three-Dimensional Transportation Hub Pilot Demonstration Zone.
Integrated supply chains propel Greater Bay Area's low-altitude economy growth
Integrated supply chains propel Greater Bay Area's low-altitude economy growth
