(W.E. Talk) U.S. so-called 'reciprocal tariffs' to push its economy into recession, impacting people's financial security

By Zhang Dongfang

(ECNS) -- Wan Zhe, professor at Beijing Normal University,economic expert, and secretary-general of the Pangoal Institution academic committee, stated during the latest W.E. Talk that the U.S. trade war reflects the Trump administration's ambition to reshape the global order.

She believed that the U.S. aims to establish a rigid, hierarchical global system centered around itself and supported by its allies, while trying to marginalize its competitors through tariffs, industrial subsidies, and technological blockades.

In her opinion, these tariffs will first and foremost fuel inflation in the U.S., potentially leading to an additional annual expenditure of $1,000 to $2,000 for each household. This financial burden is expected to affect middle- and especially low-income families.

Moreover, these measures could potentially push the U.S. economy into a recession, she said.