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U.S. tariffs on Chinese goods harm global economy: Sudanese analysts

2018-06-19 08:16:26

KHARTOUM, June 17 (Xinhua) -- Sudanese economic analysts have said that the additional 25 percent tariffs imposed by the United State on certain Chinese goods violate the world trade system and harm the international economy.

 

"There are regulations governing the world trade system and the U.S. measure is likely to jeopardize this system," said Abdul-Raziq Ziyada, a Sudanese economic analyst at Al-Rasisd Center for Strategic Studies in Khartoum.

 

"We fear that the new tariffs imposed by President Donald Trump's administration will impact the global macro-economy," he added.

 

He said that it is certain that many economies will be negatively affected by the U.S. action and the expected reaction from China and other countries.

 

Meanwhile, Fathi Esheikh, a Sudanese economic analyst and lecturer of economics at the faculty of economics at Sudan International University, told Xinhua that there would be no winner in the trade war ignited by Washington.

 

"The U.S. economy will be the biggest loser in this war and the flow of the U.S. exports will be affected by the new tariffs," he noted.

 

Esheikh further criticized the U.S. unilateral move as it would harm the international economic interests, stressing that it is important for other countries to unite in the face of the U.S. actions.

 

On Friday, the U.S. government unveiled plans to impose additional 25 percent tariffs on Chinese goods worth around 50 billion U.S. dollars.

 

The U.S. move has triggered international criticism as it violates related regulations of the World Trade Organization.