Tariff will not be panacea for US woes

The global economy has endured major turbulence due to the United States' aggressive economic policy of imposing high punitive tariffs on imports to extract maximum economic benefits. True, markets have shown resilience, but only up to a certain point.

The volatility caused by the unexpected imposition of tariffs, sudden rollbacks, and communication strategies largely conducted via social media has created deep uncertainty for investors, corporations and global supply chains.

The very strong negative reactions of international stock markets played a key role in forcing the moderation of the US' most extreme tariff proposals. The fear of financial instability and backlash from investors contributed to the softening of positions and pushed the US administration toward partial rollbacks and renewed talks.