Former World Bank President: Tariffs harm China-US economic and trade relations, and these tariff policies are not the right decision.

[Former World Bank President: Tariffs Harm US-China Economic Relations, These Tariff Policies Are Not the Right Decisions] Recently, former World Bank President and former US Deputy Secretary of State Robert Zoellick stated that increasing tariffs not only raises business costs but also drops productivity. Both China and the United States will be negatively impacted by such policies. He emphasized that the increased tariffs not only harm the healthy economic and trade relations between China and the United States, but the tariffs imposed by the U.S. on Canada and Mexico also severely impact the North American automotive industry. "Therefore, I believe these tariff policies are not the right decision," said Zoellick. However, he also mentioned that tariffs are sometimes used as a negotiating tool. He pointed out that the United States may use tariffs as a means to pressure other countries. For example, the U.S. is trying to exert pressure on China regarding issues such as fentanyl by increasing tariffs. (Jin Shi)