🌍 Hold onto your wallets, globetrotters! A Harvard economist is sounding the alarm about Trump-era tariffs, warning they might drag the world economy into a slump. Dwight H. Perkins, emeritus professor at Harvard, told CGTN the policies could ‘harm the U.S. long-term’ and trigger a domino effect globally.
🎙️ ‘Trade wars aren’t cool’ – Perkins argues the Trump administration underestimated basic macroeconomics (insert *facepalm* meme here). He claims their approach lacks ‘constructive’ strategy, risking higher consumer prices and supply chain chaos. Could this become the real-life version of 'Everything Everywhere All at Once'… but with inflation?
💡 Pro tip for young professionals: Perkins’ warning highlights how political decisions ripple through markets. Students and entrepreneurs, take notes – global trade tensions might reshape tomorrow’s opportunities!
🌐 For travelers and diaspora communities, this isn’t just Wall Street drama. A recession could mean pricier flights, shifting exchange rates, and cultural trade impacts. Stay woke! 💸
