The rising uncertainty in the global economy has been attributed to Washington's tariff policies, which pose a significant risk to economic stability.

Rebeca Grynspan, head of the UN trade agency, expressed concerns that US tariffs could hinder global growth and lead to economic turmoil.

IMF Managing Director Kristalina Georgieva emphasized the importance of avoiding further harm to the global economy amidst sluggish growth.

As the global economy approaches a pivotal moment in 2025, the article stresses the need for cooperation and multilateralism to ensure future stability.

Economists warn that these tariffs will not only impact major trading partners like China and the EU but could also backfire on the US economy itself.

Washington faces a critical choice between continuing its tariff policies or returning to cooperative international relations, which is essential for both its global standing and the health of the world economy.

Despite external pressures, China's GDP growth achieved its 5 percent target in 2024, contributing approximately 30 percent to global economic growth.

Washington's recent tariff policy marks a resurgence of protectionism, raising concerns about its cascading negative effects on the interconnected global economy.

The article argues that stable economic policies earn international trust and credibility, while US tariffs ultimately harm American consumers and businesses.

The uncertainty stemming from US tariff hikes undermines global trade norms and erodes the foundation of the multilateral trading system, which has supported decades of economic growth.

Dubbed "Tariff War 2.0," the US's aggressive tariff measures aim to reduce trade deficits and protect domestic jobs, but they disrupt global supply chains.

In contrast, China is portrayed as a stabilizing force in the global economy, promoting cooperation and globalization through initiatives like the Belt and Road Initiative.