Expert Says U.S. Plan Could Hurt Global Trade and Itself

Have you ever played a game where one player makes a rule that affects everyone, but ends up hurting themselves too? 🧐 That’s what might be happening with a new plan from the United States government.

The U.S. government is thinking about charging big fines—up to $1.5 million—on ships that are made in China. 🛳️ But why does this matter?

John Pang, a former government official from Malaysia and now a senior fellow at the Belt and Road Initiative Caucus for Asia Pacific, says this plan could be a bad idea. He believes it could slow down shipping between countries, making it harder for goods to move around the world. 🌍🛒

This means not only would other countries be affected, but the U.S. could also face problems. Things people want to buy might take longer to arrive and could become more expensive. 😕💸

Even with these fines, China still plays a big role in shipping. So, the plan might not change much except make things harder for everyone. What do you think about this situation? 🤔

Reference(s):

Expert: U.S. port fee plan hurts both global economy and its own

cgtn.com