Former Vice President, Dr. Mahamudu Bawumia on May 15, 2025, participated in the 2025 International Democracy Union Forum of center-right Conservative ideologists in Brussels.
“I 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’,” he wrote in a social media post.
His post continued: “Among others, I 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.”
This is the third such engagement Bawumia has been engaged in since leaving office in January 2025. He has previously spoken at an even in Nigeria and in the United States.