The United Nations Industrial Development Organization: The United States' practice of imposing excessive tariffs is wrong

        Vienna, April 18 (Xinhua) -- The United Nations Industrial Development Organization (UNESCO) published an article on its website on the 18th stating that the United States' excessive imposition of tariffs is wrong and will pose huge risks to world economic growth and industrial development, weaken the potential of developing and least developed countries to fully participate in global trade, and offset their efforts to modernize their industries and diversify their economies.

        The article points out that imposing tariffs will drive up industrial production costs, reduce economic efficiency, offset trade dividends, weaken competitiveness, ultimately endanger global employment, and bring the heaviest blow to the most vulnerable countries in the economy. The imposition of tariffs will also impact the trade of key industries and disrupt the global industrial chain. Protectionism will reduce employment and economic opportunities, slow down the industrialization process, and hinder poverty reduction efforts. Imposing tariffs will not only impact countries with already fragile economies, but also affect the countries implementing tariffs themselves, and will exacerbate geopolitical tensions and uncertainty. The imposition of tariffs by the United States is not based on facts and will not have the expected effect.

        The Director General of the United Nations Industrial Development Organization, Mueller, stated that countries should strive to establish a more equitable and sustainable global economic system, rather than setting up trade barriers. The United States' withdrawal from development and economic cooperation, refusal to take joint responsibility, has triggered a dangerous chain reaction, and some industrialized countries have begun to follow suit and abandon their own commitments. All industrialized countries, including the United States, should work with developing countries for mutual benefit and win-win results, build a more equitable and sustainable global economy, to ensure the long-term prosperity of all countries, rather than continuously reducing development investment and moving towards protectionism.

        The article emphasizes that protectionism and trade barriers are not the solution to the problem. The Industrial Development Organization calls for strengthening global cooperation to jointly build a more just and sustainable international trade and economic system, so that all countries, especially developing countries and least developed countries, can fully benefit from the global economy.