Insights | U.S. tariffs violate objective economic factors, Russian expert warns

Insights | U.S. tariffs violate objective economic factors, Russian expert warns

Amid escalating global trade tensions, the U.S. has imposed tariffs on China and several other countries, attempting to reshape trade rules under the banner of "reciprocity." Russian sinologist and economist Leonid Kovachich highlights that global trade flows, having developed over years, are already well-established, and that U.S. intervention will "inevitably disrupt the existing global trade system and supply chains."

The Minister of Livestock, Agriculture and Fisheries, Alfredo Fratti, referred this Monday to the global trade situation generated by the announcement of new import tariffs by the United States. In his assessment, he described the scenario as “a global disorder” and argued that the consequences for Uruguay, at least for now, are limited. “We don’t know what will happen,” the minister acknowledged, although he pointed out that, compared to other …