In a twist that has international trade watchers buzzing, the pause on U.S. "reciprocal tariffs" has been extended to August 1. U.S. President Donald Trump sent tariff letters to several countries, warning of even higher levies if trade deals aren’t reached.
Former Singaporean foreign minister George Yeo shared his insights during a live discussion with CGTN anchor Xu Qinduo. He noted that Trump appears to have lost confidence in free trade ideals, attributing the move to growing insecurity within the U.S. Despite the upheaval, Yeo remains upbeat, insisting, "Trade is like water – it will always find its way." 🌊
This view resonates with young entrepreneurs, students, and global citizens alike. Just as water flows effortlessly around obstacles, international commerce adapts and forges ahead even when policy shifts stir the waters. It’s a reminder to stay agile and positive, no matter how choppy the trade winds get!
So, keep riding the waves of change and trust that global trade will always find new paths to prosper. 🚀
Reference(s):
George Yeo: Despite disruption, trade will always find its way
cgtn.com
