Wei Xiting, Chairman of the Sino-Swiss Economic Association: US tariff policy exposes "zero-sum thinking"

The President of the Swedish-Chinese Economic Association, Wei Xiting, recently stated in an interview with reporters that the US government's attempt to reverse the manufacturing industry's plight through tariff policies is not only unlikely to be effective, but will also exacerbate economic and trade uncertainty, highlighting its deep-rooted "zero-sum thinking." Wei Xiting pointed out that the US is trying to increase job opportunities and promote the reshoring of manufacturing through tariffs. "However, this policy has not been effective so far, but has instead created great uncertainty and alienated allies and trade partners."