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17th May 2025 10:16:41 AM
1 min readBy: Andy Ogbarmey-Tettey
A keynote address will be delivered by Ghana's former Vice President Dr Mahamudu Bawumia at the Judge Business School, Cambridge University Africa Business Conference in the United Kingdom.
The event under the theme "Africa's Digital Transformation: Building Resilient Economies Through Innovation" will bring together business leaders, policymakers, and innovators to discuss Africa’s economic future.
On Thursday, May 15, the former Veep joined a high level panel of global leaders to discuss the subject 'Trade Wars, Tariff Battles and the New Geoeconomic Order: How to Restore Stability' at the 2025 International Democracy Union Forum of center-right Conservative ideologists in Brussels
He underscored the fact that trade imbalances are the result of macroeconomic imbalances.
"Tariffs cannot therefore be used to fix macroeconomic imbalances and any attempt to do so is bound to fail as history has shown. I equally indicated that at the heart of the trade wars and negotiations is the element of trust, and that the biggest challenge to all these negotiations happening on the back of the USA-China and so on tariff wars is the phenomenon of what I describe as “Mutually Assured Suspicion that has the tendency to result in suboptimal outcomes in trade negotiations. The key global players should therefore pay attention to and try to resolve the issues of mistrust amongst them."
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