The International Monetary Fund (IMF) just dropped a truth bomb 💣: restrictive trade measures might hurt the countries that impose them more than their targets. Chief economist Pierre-Olivier Gourinchas called these policies 'distorting' in a recent interview, warning they could trigger a domino effect in global markets.
Why Gen Z Should Care 🧑💻
Think of it like this: If Country A slaps tariffs on Country B’s tech exports, Country B might retaliate by limiting access to rare minerals 🔋. Suddenly, your new phone costs 20% more – and that startup you’re interning at? They’re scrambling to redesign products. 📱💸
With Asia driving 60% of global growth 🌏, these policies could reshape opportunities for young professionals and entrepreneurs. Gourinchas stressed that 'open, rules-based trade' remains key to stabilizing supply chains – from Tokyo’s semiconductor labs to your local vegan sneaker brand.
