Many people from different countries believe that the new tariff policy will backfire on the United States

ChainCatcher news, according to CCTV News, recently, individuals from multiple countries have stated that the United States' excessive imposition of tariffs will not only affect the U.S. economy but will also impact global trade. The biggest victims of the U.S. tariff policy will be the United States itself. Khalid, the former commercial counselor of Saudi Arabia in China, stated that for the U.S. economy, this will lead to rising prices and will also affect financial markets, which are direct and unavoidable impacts. At the same time, it will also have a huge impact on the world; international trade connects countries around the globe, which will lead to turmoil in trade and international relations. If the trade war continues, the situation will worsen. Virovatz, a senior economist at ING Hungary, stated that throughout world history, there has never been an improvement or progress in the global economy achieved through trade closure and protectionism.