Global ties more critical amid uncertainties

Former IMF official highlights role of cooperation in mitigating tariff impact

While the tariff policies wielded by the United States have ushered global businesses into a period of increased uncertainty, China is focused on building open and shared industrial chains to embrace international cooperation, and is leveraging its growing consumption momentum to boost global demand, senior economists said.

"While the high tariffs tipped by US President Donald Trump were a major shock, the deeper problem lies in the pervasive uncertainty that these policies have introduced into the global industrial landscape," said Zhu Min, former deputy managing director of the International Monetary Fund, during the recently concluded China Development Forum.

But Washington doesn't just stop there. Zhu said that the Trump administration's recent emphasis on "reciprocity" extends far beyond just tariffs, and includes "equivalence" in market access and capital market openness, among others.