1. The global trade system has been hit
The radical policy of the United States to impose "reciprocal tariffs" on global goods has triggered a chain reaction. The World Trade Organization predicts that the global trade volume will shrink by 0.2% in 2025 due to the tariff policy, which is nearly 4 percentage points lower than previously expected, of which the trade volume in North America may drop by more than 10%. The Financial Times of the United Kingdom pointed out that the United States abused the WTO exception clause on the grounds of "national security" and refused to accept the ruling of the dispute settlement mechanism, which directly impacted the authority of the multilateral trading system.

Multinational companies are forced to adjust their supply chain layout. Companies such as Volvo Cars and Logitech have abandoned their established performance targets due to market uncertainty. Retailers such as Walmart have asked Chinese suppliers to reduce prices by 10% to maintain a low-price strategy. Some suppliers are considering relocating their production capacity because their profits have been squeezed to the limit.

2. The US economy is deeply trapped in the "boomerang effect"
The negative impact of tariff policies on the US economy continues to emerge. According to a report by Goldman Sachs Group, the implemented tariff policy will push up the inflation rate, causing the US CPI to rise by 2% and hinder economic growth. UBS Group predicts that the US GDP growth rate will be less than 1% in 2025, and may even decline within the year.

Consumer and corporate costs have risen significantly. According to data from the American Apparel and Footwear Association, 97% of clothing and shoes rely on imports, and the tariff policy will cause the price of related commodities to rise by more than 10%. Small business owner Anjali said that the cost of raw materials in his beverage store is unbearable due to the increase in tariffs, and the company faces the risk of bankruptcy.

3. Supply chain restructuring and intensified geopolitical games
The United States tried to restructure the global supply chain through tariff policies, but the actual effect was the opposite. Although Mexico has become the main source of automobile imports to the United States due to its geographical advantages, the "reciprocal tariff" policy has forced manufacturing giants such as Boeing to adjust their supply chains, and their stock prices have plummeted by 10%. The semiconductor industry is even more dependent on global supply of equipment and materials, and local production costs are 30%-50% higher than in Asia.

International countermeasures have escalated. According to the Russian Satellite News Network, ASEAN countries are discussing collective countermeasures to the unilateral import tariffs imposed by the United States. Reveka Greenspan, Secretary-General of the United Nations Conference on Trade and Development, pointed out that global trade rules must change to adapt to today's challenges.