Mario Boselli, chairman of the Italy China Council Foundation, speaks during a roadshow of the third China International Supply Chain Expo (CISCE) in Milan, Italy, on March 18, 2025. (Xinhua/Li Jing)"I oppose economic arms races," he said. "The global economy requires stability and development, not conflict and confrontation."MILAN, March 25 (Xinhua) -- The unilateral approach adopted by the United States poses a significant threat to global trade and economic stability, Mario Boselli, chairman of the Italy China Council Foundation, told Xinhua in a recent interview.Boselli voiced strong opposition to the latest U.S. tariff policies, calling them a "grave mistake in every sense."He stressed that in today's economic climate, businesses worldwide need a stable and predictable environment to thrive."What companies dislike the most is uncertainty," he said. "And the most concerning aspect of U.S. foreign and economic policy today is its unpredictability, which erodes the foundation of global economic dialogue and political trust."Boselli expressed the hope that geopolitical tensions would eventually ease, with less "war economy" and more "peace economy.""I oppose economic arms races," he said. "The global economy requires stability and development, not conflict and confrontation."Reflecting on his over 80 years of life experiences, Boselli said that he had never witnessed such an era of profound global transformation.He said that Donald Trump's return to the White House and the European Union's lack of cohesion would further influence global economic and trade dynamics.But Boselli suggested that the shifting dynamics might prompt Europe to reconsider its external economic strategy. In his view, strengthening cooperation with China is a "highly strategic choice."As this year marks the 50th anniversary of the establishment of China-Europe diplomatic ties, he said, "I sincerely hope that China and Europe will usher in a new era of stronger, mutually beneficial cooperation."