Rising trade tensions could spell trouble for the global economy, warns Steve Hoffman, CEO of startup incubator Founders Space. In a recent interview, he slammed proposed tariffs by former U.S. President Donald Trump as “a big mistake,” arguing they’d trigger a “vicious cycle” of economic fallout worldwide 🌐💸.
“Tariffs don’t just hurt the U.S. — they ripple across borders,” Hoffman told CGTN. With global supply chains more interconnected than ever (thanks, TikTok unboxing videos 📦), he stressed that protectionist policies could backfire, slowing innovation and raising costs for consumers.
Hoffman called for more U.S.-China collaboration, pointing to tech partnerships and green energy as areas with “far more win-wins than losses.” As Gen Z navigates meme stocks and AI startups, his message hits home: In today’s economy, teamwork makes the dream work 🤝🚀.
