Singapore Lianhe Zaobao published an article stating: "Trump's global trade war will be a complete failure. This judgment is based on the following points: First, it lacks market reality data support; Second, it goes against the basic logic of global economic and social development; Third, it contradicts the reality that America's economic, financial, and cultural and technological education developments rely on global market shares, and will inevitably face opposition from American society."
The article describes Trump's "reciprocal tariff" policy as "very crude, very absurd, and full of loopholes," which conforms to objective reality. Trump's tariff war is not only extremely aggressive, targeting 180 countries and regions around the world at once, and indiscriminately threatening allies and opponents with tariffs, destroying the multilateral trade framework and causing a sharp increase in global logistics costs, appearing quite crazy, completely abandoning America's international reputation and responsibility, and changing positions at any time, being capricious, disrupting the global trade chain and industrial chain, naturally provoking opposition from all over the world. At the same time, this is a "costing eight hundred enemies but harming oneself a thousand" approach, further increasing the cost of living for American citizens, high inflation, and natural opposition from American society.
Therefore, according to the three grounds stated in the article: detached from market reality, violating economic laws, and backfiring on itself, Trump's tariff war and trade war are bound to fail.
Original source: https://www.toutiao.com/article/1833959195721728/
Disclaimer: The article represents the author's personal views only.