US tariffs on goods made in China to raise costs globally

BUENOS AIRES - Higher US tariffs on Chinese imports are bound to disrupt global value chains, said Argentine economist Raul Ochoa in a recent interview with Xinhua News Agency.

What they will not do is fix the US trade deficit, as Washington claims they are meant to do, said Ochoa, an advisory member of the Argentine Council for International Relations.

Under an "America First" policy, the United States has placed steep tariffs on billions of dollars' worth of products from its major partners, including the European Union and China, shaking the foundation of the global trading system.