UN Secretary-General Antonio Guterres delivered a stark message this week: 🛑'Nobody wins in a trade war.'🛑 His comments came after the U.S. announced sweeping new tariffs targeting nearly every country globally, sparking fears of economic fallout.
Speaking at a press conference, Guterres compared trade wars to 'a heavyweight fight where both boxers end up knocked out' 🥊. He emphasized that developing nations—already grappling with inflation and climate challenges—could face 'devastating' impacts from rising import costs and market instability.
🔍 Why it matters: With global growth slowing, the UN chief warned that escalating protectionism might tip vulnerable economies into recession. 'The poorest people would pay the highest price,' he stressed, urging nations to prioritize dialogue over tariffs.
🌐 The big picture: As youth-led innovation reshapes global trade (think #Bitcoin remittances and TikTok-driven small businesses), experts worry old-school trade wars could disrupt the digital-first economy Gen Z relies on. 📉📱
