Tariff Wars Ignite! Economist Tao Dong: The Era We Knew Has Ended, Global Recession Looms

Economist Tao Dong's Warning: The trade landscape shifts dramatically as global recession risk spikes due to escalating tariff disputes, impacting Taiwan.

In response to the tariff wars initiated by US President Trump, renowned economist and director of the China Chief Economist Forum, 陶冬 (Tao Dong), issued a statement on his personal Weibo on the night of the 5th. He stated, "The era we have become accustomed to has ended," and anticipates that global exports will suffer significantly, leading to delayed corporate investment plans and a sharply increased chance of a global recession.

In his article titled "The End of an Era," 陶冬 (Tao Dong) points out that Trump's trade war declaration has also shaken the prices of risky assets. His "reciprocal tariffs" plan exceeded the expectations of almost all market participants. The US stock market lost $5.4 trillion in market capitalization over two days, triggering concerns about potential chain reactions in the market.