Hey folks, here's a quick economic lowdown: Harvard emeritus professor of economics, Dwight H. Perkins, has sounded a warning on CGTN about the potential fallout from Trump's trade policies. According to Perkins, the tariffs imposed by the Trump administration could damage the U.S. economy over time and might even trigger a global recession.
Perkins argues that the approach to tariffs seems to lack a robust understanding of macroeconomics. In his view, the measures taken are not constructive for long-term growth and risk creating ripple effects in the global market.
This perspective adds fuel to ongoing debates among economists and market watchers, urging policy-makers and investors to consider the broader implications of such trade policies. As we continue to monitor these developments, it’s clear that a shift toward more balanced economic strategies could be key to avoiding a potential slump. 🚀
Reference(s):
cgtn.com
