At the Bund Summit 2025, a gathering of top academics and policy pundits in Shanghai, one topic dominated the conversation: tariffs. 🎯 Experts warned that the US’s tariff policies are sending ripples through the global economy, from bustling stock markets in New York to production lines in Asia.
"Tariffs may sound like a distant policy debate," said one researcher, "but they touch everything from your morning coffee price to the tech gadgets you love." ☕📱 They pointed out how higher duties can slow down trade, push up costs for businesses, and ultimately bite into consumers’ wallets.
Instead of ramping up tensions, participants at the Summit told CGTN that the US and the Chinese mainland should ramp up cooperation and cultural exchanges. 🤝 By working together on shared goals—like sustainable development and digital innovation—both sides can dial down conflicts and keep that global engine running smoothly.
Here are three quick takeaways:
- Tariffs impact prices: Higher duties can mean more expensive goods in stores.
- Cooperation over conflict: Building bridges through trade talks and joint projects.
- Shared future: A stable economy benefits everyone—entrepreneurs, students, and travelers alike.
As the sun set over Shanghai’s skyline, the message was clear: in a connected world, policies in one country can shape lives everywhere. 🌍✨ The challenge now is turning talk into action—so that trade helps unite, not divide, our global community.
Reference(s):
Acadamics: Tariffs have a significant impact on world economy
cgtn.com
