Think Tanks Warn Against Tariff Wars

A coalition of over 50 global think tanks has expressed deep concern over escalating tariff wars, citing negative economic consequences and erosion of international cooperation. They urge reconsideration of protectionist policies, emphasizing the need for multilateralism and global cooperation.

Key Concerns include:

• Economic damage which will be caused by reduced trade volumes, stifled growth, increased costs, and diminished investment.

• Global Disparities because developing economies are vulnerable, widening global inequalities.
• Multilateralism as unilateralism erodes international cooperation and trust.

Call to Action
The think tanks advocate for a collaborative approach, prioritizing global well-being and shared future. They emphasize that economic prosperity, security, and sustainable development are interconnected and require collective action.

Photo Credit: The Record