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Trump's Tariffs Threaten Trade, Action Needed: Rosa Balfour

The Business Guardian

|

April 15, 2025

Amid the rising concerns over global trade due to Trump's tariff policy, Rosa Balfour, Director at Carnegie Europe, said that something must be done to protect the international trading system.

- TBG NETWORK

Trump's Tariffs Threaten Trade, Action Needed: Rosa Balfour

Her comments come in response to ongoing tariff impositions by US President Donald Trump, which many see as a threat to global economic stability.

In an exclusive conversation with ANI, Balfour criticised recent actions by the US government, calling them "self-defeating" and "suicidal policies."

She said it is not clear whether the US has any actual strategy in place, and warned that such actions could seriously harm the global trade system.

"Something needs to be done to preserve the global trading system, which has already taken many hits," she said, pointing to multiple challenges including the rise of powers that do not follow global trade rules, ongoing wars, and international sanctions.

However, Balfour also noted that other countries are stepping up to the challenge.

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