U.S. President Donald Trump's latest executive order slapping 10-25% tariffs on imports from Canada, Mexico, and China has sent shockwaves through global markets. Analysts warn this move could trigger a chain reaction of trade disputes, supply chain chaos, and economic uncertainty.
In a special episode of Biztalk, experts dissected how rising U.S. trade protectionism might reshape the global economy. Key concerns include 'decoupling' risks—as nations rethink reliance on U.S.-linked supply chains—and the domino effect on inflation, job markets, and consumer wallets worldwide.
One analyst compared tariffs to 'economic dominos': 'Every new duty forces businesses to adapt, relocate, or raise prices. The long-term impact? A fractured global trading system.' Meanwhile, stakeholders from tech startups to avocado farmers brace for ripple effects as trade tensions escalate.
Got plans to invest or travel? Keep an eye on how these policies reshape markets and cross-border dynamics. Spoiler: It’s gonna be a bumpy ride.
Reference(s):
cgtn.com