Part 6/12:
The recent surge in US tariffs—largely as part of America's trade policies—has prompted mixed reactions within the Global South. Short-term effects include increased volatility in financial markets, exchange rate fluctuations, and inflationary pressures.
Savik explains that while countries like Brazil face manageable impacts—around 10% tariff increases—others, notably China and ASEAN economies, are hit more severely. China's export-driven growth is particularly vulnerable, risking a deceleration of regional and global growth due to reduced trade flows.