Mark Greeven, Dean of Asia at the International Institute for Management Development (IMD), has raised concerns over the current US unilateral tariff policy. He emphasized that tariffs rarely have a positive impact and are now creating obstacles for global companies.
The imposed tariffs are acting as hidden roadblocks in the international market, driving up costs and adding uncertainty to business operations. This scenario is already impacting economic growth in the short term, as companies face a tougher business environment. 💸
For young professionals, entrepreneurs, and students following global market trends, this warning serves as a call to re-examine strategies in an increasingly volatile economic landscape. The issue is sparking discussions on how to foster smoother international trade and sustainable growth. ⚠️
Stay tuned as more updates unfold on how these tariff challenges will shape the future of global commerce and innovation. 🌏
Reference(s):
Academic: US tariffs to hinder business and economic environment
cgtn.com
