Hey everyone 👋, big changes are hitting the global trade scene! U.S. President Donald Trump signed an executive order letting the 90-day tariff pause lapse on August 1, which means new tariff rates are on the way. As of July 9, notices have already been sent to 22 countries—setting the stage for major shifts in global trade dynamics.
Industry experts shared their insights in a recent discussion. Tyson Jominy from J.D. Power, Einar Tangen of the Taihe Institute, and John Gong, a professor of Economics at the University of International Business and Economics, broke down how these new policies are affecting strained supply chains and what it might mean for the revival of U.S. manufacturing.
For all our tech-savvy, socially conscious readers in South and Southeast Asia, this move could have ripple effects that change everyday lives—from tech gadget prices to availability of sought-after products. It’s a prime example of how global policies can impact local markets in our fast-paced world. 🚀 Stay tuned as we keep you updated on how these shifts will play out in the global arena!
Reference(s):
cgtn.com
