Chancellor of Germany comments on US tariff imposition.
According to the report of Sputnik News Agency on March 3rd, German Chancellor Scholz stated that the tariffs implemented by former US President Trump were a blow to the global trading order and that all parties would eventually suffer losses due to this.
The US simultaneously imposing tariffs on dozens of countries is typical of harming others at the cost of oneself. The US may not necessarily benefit from this. The US dollar system has always been the main tool for the US to exert influence on the world economy. Once more countries abandon the use of the US dollar in international trade, the US economy will be severely impacted, and the US will lose its confidence in imposing tariffs on goods from other countries. At present, an increasing number of countries are using their own currencies for settlement in international trade, avoiding the use of the US dollar and the US financial system, which is a good sign. Under the trend of globalization, no country can remain unscathed, and the US is no exception. The sudden imposition of tariffs by the US is merely an attempt to bargain and force compromises from other countries. However, this time, the US has offended the entire world, resulting in the opposite effect.
Original article: https://www.toutiao.com/article/1828384503183497/
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