🔥 US tariffs are sparking fiery debates – and Harvard economist Gregory Mankiw just poured gasoline on the flames. The renowned professor, famous for shaping minds with his best-selling textbooks, called recent US trade policies “large-scale economic malpractice” in a CNN interview. 💼
Mankiw argued tariffs create a “chilling effect” on businesses: “When companies face uncertainty, investment decisions grind to a halt.” His blunt take? What starts as political strategy can spiral into a global economic ice age. ❄️
🔍 Why it matters: With young professionals and entrepreneurs watching global markets, Mankiw’s warning resonates. Tariffs disrupt supply chains like dominoes – think pricier gadgets, slower tech innovation, and trickier cross-border biz moves. 🌍
📉 The real victims? Everyday consumers and startups navigating this “malpractice” maze. As Mankiw puts it: “Trade wars aren’t just headlines – they’re real costs.” 💸
Stay sharp, Amigos. We’ll keep tracking how this plays out for your wallets and portfolios. 👀💡
