Xinhua
19 Dec 2025, 10:45 GMT+10
Washington's protectionist measures and retreat from multilateralism are expected to fuel persistent trade frictions, weighing on global trade and economic growth, said a Brazilian economist.
SAO PAULO, Dec. 19 (Xinhua) -- U.S. tariffs and trade barriers are disrupting global supply chains and could push the world economy toward deeper fragmentation by 2026, Brazilian economist Luis Paulino said in an interview with Xinhua.
Washington's protectionist measures and retreat from multilateralism are expected to fuel persistent trade frictions, weighing on global trade and economic growth, said Paulino, a professor at Sao Paulo State University and director of its Confucius Institute.
Paulino noted that the impact is already being felt in the United States, where broad tariffs have raised living costs, especially for lower-income households.
"Tariffs are essentially taxes on imports that are usually paid by consumers and companies," he said.
Globally, trade restrictions are disrupting supply chains, increasing production costs and adding to inflationary pressures, the professor warned.
He also pointed to structural shifts in which companies relocate production to politically aligned or perceived "safer" countries, a process he said requires heavy investment and takes years to complete.
Looking ahead, Paulino expects global economic growth in 2026 to remain broadly in line with 2025, highlighting China as a key growth driver.
China's growth target of around 5 percent for this year "is likely to be achieved," he said, adding that the country's macroeconomic policies could help support global conditions.
Still, Paulino warned that escalating trade disputes, a weakening rules-based trade system and persistent inflation risks could continue to slow global economic expansion.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationNEW YORK, New York - All the major U.S. stock indices closed higher on Thursday after the Bureau of Labor Statistics reported November...
NEW YORK CITY, New York: U.S. stock markets may soon operate almost without pause, as Nasdaq prepares to take a formal step toward...
WASHINGTON, D.C.: As Americans head into the heart of the holiday shopping season, many say festive spending feels more stressful than...
BEIJING, China: China's economic momentum faded sharply in November, underscoring mounting concerns that the country is running out...
NEW YORK, New York - Wall Street closed lower on Wednesday, with losses across major U.S. benchmarks as investors retreated from equities,...
HEFEI, China: Volkswagen is trying to reinvent itself in the country that once powered its global success and where it is now fighting...
BEIJING, China: China's economic momentum faded sharply in November, underscoring mounting concerns that the country is running out...
SHENZHEN, China: Huawei's latest flagship smartphone showcases incremental progress in China's domestic chipmaking push, with its processor...
WASHINGTON, D.C.: Even citizens of countries that can enter the United States without a visa, such as the U.K. and most of Europe,...
SYDNEY, NSW, Australia - Sixteen people have been killed in a violent attack involving two gunmen at Bondi Beach, Australia's most...
Washington's protectionist measures and retreat from multilateralism are expected to fuel persistent trade frictions, weighing on global...
KUNMING, Dec. 19 (Xinhua) -- Ms. Sun, who runs a Western restaurant in Shanghai, recently placed an order for a batch of fresh Yunnan...
