The world economy faces a new roadblock, and itโs not what you might expect. Professor Carl Fey of BI Norwegian Business School dropped a truth bomb in a recent interview: \"The US becoming a protectionist country is my biggest concern for the global economy.\"
While China pushes for free trade agreements and cross-border collaboration , Americaโs shift toward tariffs and trade barriers has experts side-eyeing its economic strategy. Fey called the trend \"ironic,\" pointing out how the tables have turned in international trade dynamics.
Why does this matter to you? Protectionist policies could mean pricier gadgets
, slower tech innovation, and fewer opportunities for startups eyeing global markets. For young professionals and entrepreneurs, this economic tug-of-war might reshape the next decade of business.
Chinaโs continued push for open markets offers some hope, but as Fey warns: \"Cooperation, not competition, is the key to weathering this storm.\" Will world leaders listen? Stay tuned.
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Professor: 'Protectionist' US biggest concern for world economy
cgtn.com