LILONGWE, MALAWI — The tariffs implemented by the United States on numerous countries represent a significant setback for the economic prospects of developing nations, including Malawi, according to political scientist Maclan Kanyang’wa, who spoke to Vivid Voice News.
Kanyang’wa asserted that the tariffs levied on multiple countries are poised to negatively affect global trade, consequently impacting the economies of developing countries such as Malawi, which rely heavily on international commerce for their economic sustenance.
He further elaborated that retaliatory measures enacted in response to the US tariffs are likely to drive up the prices of goods within developing countries, leading to considerable economic instability.
According to Kanyang’wa’s analysis, developing nations will experience a decline in their trade competitiveness as a direct consequence of the tariffs, making it increasingly challenging for them to maintain their economic stability.
He also highlighted the potential for disruption to the supply chain of raw materials within developing countries due to the imposed tariffs.
This disruption, he explained, would likely result in these nations exporting fewer products, thereby inflicting a substantial negative impact on their economic performance.
