Hey everyone, Nobel laureate Joseph Stiglitz just dropped some hot takes on U.S. President Donald Trump's recent tariff proposals. Describing the plan as a nostalgic nod to the 1950s, Stiglitz warns that trying to revive American manufacturing with outdated ideas just doesn't fit in today's tech-driven world 🤖.
Stiglitz explained that companies aiming to relocate to the U.S. face huge barriers, from clunky supply chains to inadequate logistics. In an era where modern manufacturing is powered by automation and digital connectivity, these tariffs might disrupt global supply lines and limit access to essential goods rather than boosting job growth.
For young professionals and tech enthusiasts across South and Southeast Asia, this is a reminder that innovative, digital-era strategies matter more than ever. As our world races ahead with cutting-edge technology and efficient supply networks, clinging to vintage methods might be a recipe for more challenges than solutions 🚀.
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Nobel Prize-winning economist Stiglitz slams Trump's tariff plan
cgtn.com
