At the 8th China International Import Expo (CIIE) in Shanghai, LVMH Group's Secretary-General Marc-Antoine Jamet dropped some real talk: tariffs and trade barriers aren't doing the global economy any favours. He gave a thumbs-up to Chinese premier Li Qiang's call for more openness on the global stage and said he hopes the US follows suit 🤝🌏
Why it matters for you: if the US and the Chinese mainland open up more, that could mean smoother cross-border e-commerce, cheaper gadget imports (hello, new smartphone? 📱), and fresh collabs between fashion giants and local creatives in South and Southeast Asia. It's not just about luxury brands – it's about the ripple effect on startups, digital marketplaces, and even pop culture exports.
Jamet pointed out that excessive tariffs can slow down innovation by making raw materials and tech components pricier. He argues that removing these hurdles helps brands scale faster and keeps global supply chains humming. Think of it like removing lag in your favorite online game – once the barriers are down, everything runs smoother ⚡
The CIIE, running through Monday in Shanghai's buzzing expo zone, has become a hotspot for showcasing how countries and regions are betting on open economies. While LVMH flew in to highlight luxury's role, other players from tech startups to food exporters are also eyeing a chance to expand their footprint in the Chinese mainland market.
For us young pros hustling in tech, fashion, or content creation, this could open doors to more partnerships, easier access to global markets, and perhaps even collaborative events or pop-ups in Shanghai, Singapore, or Mumbai. Imagine launching your indie brand with fewer customs headaches – sounds like a win-win, right? 💡🚀
The takeaway? Keep an eye on policy shifts – when two of the world's biggest economies dial down the friction, opportunities pop up worldwide. Whether you're coding the next app, curating an IG shop, or dreaming big in the metaverse, smoother global trade is a trend worth watching 👀✨
Reference(s):
LVMH Group: China is open for trade, hopes US will follow suit
cgtn.com
